January 30, 2008 at 10:00 AM EST
Opening Bell Report

The markets opened lower after a Commerce Department report confirmed that the U.S. economy nearly stalled in the 4th quarter. The Dow lost 35 points to 12,445 while Nasdaq fell 8 points to 2349.

On the upside

Shares of Flextronics International (Nasdaq: FLEX) rose after the electronics manufacturing company posted profits that beat analysts' estimates.

Robert Half International (NYSE: RHI) reported higher sales in staffing and consulting services and a slight increase in profits to beat forecast.

Shares of Silicon Laboratories (Nasdaq: SLAB) surged after the chipmaker posted higher revenues and earnings that met expectations.

On the downside

Yahoo (Nasdaq: YHOO) posted lower profits and announced up to 1000 job cuts in order to slash expenses at the beleaguered Internet media company.

Shares of Baker Hughes (NYSE: BHI) lost ground after the oil services company reported higher 4th quarter profits, but missed expectations.

Foundry Networks (Nasdaq: FDRY) posted higher profits that beat forecast, but the lack of guidance weighed down the stock.

In the broad market, advancing issues outpaced decliners by a slim margin on both the NYSE and Nasdaq. The Russell 2000 which tracks small cap stocks held steady at 705.

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