Second Quarter Ends Higher But Dow Plunged Today

While the markets closed the second quarter higher, the Dow plunged 114 points today to end June at 14,909. Nasdaq edged up a point to 3403.

On the upside

Prosensa Holding (Nasdaq: RNA) stock surged nearly 50% on its first trading day.

The European Medicines Agency Committee for Medicinal Products for Human Use granted a positive recommendation for the subcutaneous formulation of Herceptin, developed jointly by Halozyme Therapeutcs (Nasdaq: HALO) and Roche.

Rebounding gold prices lifted shares of Goldcorp (NYSE: GG), Kinross Gold (NYSE: KGC), Hecla Mining (NYSE: HL) and Coeur Mining (NYSE: CDE).


On the downside


Oppenheimer initiated coverage of Palo Alto Networks (NYSE: PANW) with a Perform rating.


Citigroup downgraded Owens Corning (NYSE: OC) to a Neutral rating from a Buy rating.


OvaScience (Nasdaq: OVAS) chief executive Michelle Dipp, M.D., Ph.D. will present at the Encuentros 2013: Inspiring Innovation conference at the MIT Media Lab this evening.

In the broad market, advancing issues outpaced decliners by a margin of nearly 10 to 9 on both the NYSE and on Nasdaq. The broader S&P 500 index fell 6 points to 1606.

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