Wachovia's surprising first quarter loss weighed down the markets to a lower close with the Dow falling 23 points to 12,302. Nasdaq dropped 14 points to 2276.
On the upside
Part of what may be the largest oil find in thirty years could be in a region partially owned by Repsol YPF (NYSE: REP).
Shares of Hess (NYSE: HES) soared after a leak forced the closure of a major Royal Dutch Shell pipeline .
Rick's Cabaret International (Nasdaq: RICK) completed its acquisition of adult nightclub The Executive Club in Dallas for approximately $9.5 million.
A class action lawsuit has been filed against Agria (NYSE: GRO) alleging that the Chinese agricultural supplier provided misleading and omitted items in its initial public offering filing.
In the broad market, declining issues barely outpaced advancers by a margin of nearly 3 to 2 on the NYSE and by more than 5 to 3 on Nasdaq. The Russell 2000 which tracks small cap stocks lost 2 points to 686.