Global Economic Growth Cut, Markets Close Lower
The International Monetary Fund cut its global economic growth forecast sending the markets down to a lower close the Dow slipping 26 points to 13,583. Nasdaq dropped 23 points to 3112.
On the upside
Eli Lilly (NYSE: LLY) released additional data from two late stage studies on potential treatments for mild Alzheimer's disease.
Trading resumed in National Bank of Greece (NYSE: NBG). Trading was temporarily suspended on Friday after the bank offered to merge with rival Eurobank.
Barnes & Noble (NYSE: BKS) introduced its new NOOK HD and NOOK HD+ which are available for pre-orders.
On the downside
Heartland Payment Systems (Nasdaq: HPY) forecast higher operating margin and full year earnings ahead of estimates but the stock price dropped.
MGIC Investment (NYSE: MTG) wrote $2.2 billion in new insurance and reported lower delinquencies but the stock price slipped.
An Administrative Law Judge issued orders in Unwired Planet's (Nasdaq: UPIP) patent infringement suit that weakened its case.
In the broad market, declining issues outpaced advancers by a margin of 3 to 2 on the NYSE and by more than 5 to 3 on Nasdaq. The Russell 2000 which tracks small cap stocks lost 4 points to 838.
Stock Market XML and JSON Data API provided by FinancialContent Services, Inc.
Nasdaq quotes delayed at least 15 minutes, all others at least 20 minutes.
Markets are closed on certain holidays. Stock Market Holiday List
By accessing this page, you agree to the following
Privacy Policy and Terms and Conditions.
Press Release Service provided by PRConnect.
Stock quotes supplied by Six Financial
Postage Rates Bots go here