January 28, 2008 at 10:00 AM EST
Opening Bell Report

The markets opened lower after the latest batch of corporate earnings confirmed weakness in the U.S. economy. The Dow lost 20 points to 12,187 while Nasdaq fell 8 points to 2317.

On the upside

CME Group (NYSE: CME) confirmed that it is in discussions to buy Nymex Holdings (NYSE: NMX) for about $11 billion in cash and stock.

The board of apparel maker Kellwood (NYSE: KWD) decided not to block a $542.3 million takeover bid by a private investment firm Sun Capital Securities Group.

Shares of Acorda Therapeutics (Nasdaq: ACOR) rose following a report that its drug treatment for multiple sclerosis generated test results that did not increase abnormal heart rhythms.

On the downside

Shares of McDonald's (NYSE: MCD) lost ground after the fast-food chain reported an impressive 4th quarter which was dampered by weak U.S. sales.

YRC Worldwide (Nasdaq: YRCW) posted a large 4th quarter loss after the trucking company took a one-time restructuring charge.

Israel-based wireless equipment maker Ceragon Networks (Nasdaq: CRNT) swung to profitability, but investors used the news to take profits.

In the broad market, declining issues outpaced advancers by a margin of more than 4 to 3 on the NYSE and by more than 3 to 2 on Nasdaq. The Russell 2000 which tracks small cap stocks fell 6 points to 682.

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