August 12, 2013 at 10:43 AM EDT
Lower Open As Japan's Economy Disappoints

The markets opened lower with the Dow losing 23 points to 15,401 as Japan's economic growth disappointed. Nasdaq rose 5 points to 3665.

On the upside

BlackBerry (Nasdaq: BBRY) will explore strategic options including the possible sale of the company.

Shares of Iamgold (NYSE: IAG) rose ahead of its earnings release after market close today.

Performance Technologies (Nasdaq: PTIX) continued rising after posting a profit after market close on Thursday.


On the downside


Vical (Nasdaq: VICL) reported that its metastatic melanoma treatment Allovectin failed a late stage clinical trial and the company announced that it would discontinue its cancer research program to focus instead on infectious disease vaccines.


Sysco (NYSE: SYY) blamed higher expenses for a drop in fourth quarter earnings.


Perion Network (Nasdaq: PERI) reported sharply higher second quarter earnings and revenue but the results fell short of analyst expectations.

In the broad market, advancing issues were on par with decliners on the NYSE while advancers edged out decliners by nearly 10 to 9 on Nasdaq. The broader S&P 500 slipped 2 points to 1688.

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