Investors return from holiday to take profits

Investors returned from the extended Independence Day weekend to take profits ahead of corporate earnings season. The Dow finished the session with a 44 points loss at 17,024 while Nasdaq fell a steeper 34 points to close at 4,451.

On the upside

Shares of BioDelivery Sciences (Nasdaq: BDSI) surged and hit a 52-week high after the company reported positive 2nd stage trial results for its experimental pain drug.

Shares of Camteck (Nasdaq: CAMT) steadily rose higher today after the company announced the launch of its new Eagle product line and early orders from semiconductor device manufacturers.

Shares of Apple (Nasdaq: AAPL) bucked the trend and rose on a positive outlook based on June's sales numbers.

On the downside

Shares of USEC (NYSE: USU) continued to give up recent gains as the uranium fuel provider provided more details about its emergence from Chapter 11 bankruptcy.

Expedia (Nasdaq: EXPE) announced the acquisition of Australia-based Wotif.com Holdings for approximately $650 million in cash expanding into the Asia Pacific online travel booking market.

GT Advanced Technologies (Nasdaq: GTAT) was downgraded by analysts as investors worried that the company may not be part of the expected Apple iPhone 6 launch.

In the broad market, advancing issues were outpaced decliners by a margin of more than 2 to 1 on the NYSE and by a ratio of 4 to 1 on Nasdaq. The broader S&P 500 retreated from its record high shedding 7 points to 1977. Bitcoin lost $15 to $619.

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