December 11, 2007 at 16:27 PM EST
Closing Bell Report

Investors disappointed that the Federal Reserve lowered interest rates by a modest quarter percentage point to 4.25% instead of a more aggressive half percentage point cut sent the markets tumbling to a sharply lower close with the Dow plummeting 294 points to 13,433. Nasdaq skidded 67 points to 2652.

On the upside

Sun Microsystems (Nasdaq: JAVA) offered the design of its OpenSPARC T2 processor for free to the open source community through a GPL license.

Kinetics Asset Management and Royce and Associates purchased more than a 30% stake in U. S. Global Investors (Nasdaq: GROW).

Nepstar Chain Drugstore (NYSE: NPD) reported sharply higher third quarter earnings as both revenue and margins climbed.

On the downside

The stock price of Chinese educational services firm ChinaEdu (Nasdaq: CEDU) tumbled on its first trading day.

AmTech Research initiated coverage of Flir Systems (Nasdaq: FLIR) with a Sell rating.

Shares of homebuilder Centex (NYSE: CTX) plunged after the Federal Reserve announced a modest quarter point interest rate cut instead of the hoped for half a percentage point cut.

In the broad market, declining issues outpaced advancers by a margin of more than 5 to 1 on the NYSE and by 7 to 2 on Nasdaq. The Russell 2000 which tracks small cap stocks plummeted 25 points to 766.

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