Consumer Sentiment Drops, Markets Fall

An unexpected drop in August consumer sentiment weighed the markets down during the midday with the Dow losing 52 points to 15,059. Nasdaq slipped 2 points to 3603.

On the upside

NF Energy Saving (Nasdaq: NFEC) continued rising after reporting higher second quarter earnings on Wednesday.

Pfizer (NYSE: PFE) will begin a new clinical trial of the pain medication Remoxy that was developed by Pain Therapeutics (Nasdaq: PTIE) and Durect (Nasdaq: DRRX).

Aspen Technology (Nasdaq: AZPN) reversed year ago losses to post a stronger than expected profit for the fourth quarter.

On the downside

MannKind (NYSE: MNKD) satisfied conditions to sell a second tranche of senior convertible notes.

Brazil's Federal Revenue Service fined Itau Unibanco Holdings (NYSE: ITUB) nearly $8 billion in back taxes.

Investors locked in profits on China Commercial Credit (Nasdaq: CCCR).

In the broad market, declining issues outpaced advancers by a margin of nearly 2 to 1 on the NYSE and by nearly 10 to 9 on Nasdaq. The broader S&P 500 lost 7 points to 1653.

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