Opening Bell Report

The markets opened lower as investors worried about weak retail sales. The Dow lost 24 points to 12,852 while Nasdaq slipped 3 points to 2485.

On the upside

Electronic Data Systems (NYSE: EDS) was the target of a $12.6 billion offer by Hewlett-Packard (NYSE: HPQ) to create the 2nd largest technology provider after IBM (NYSE: IBM).

Shares of Fluor (NYSE: FLR) soared after the engineering company posted sharply higher 1st quarter profits that beat estimates.

Shares of Apple (NYSE: AAPL) rose following news of U.S. and U.K. online stores selling out iPhones, possibly clearing the way for the release of a new model.

On the downside

Wal-Mart Stores (NYSE: WMT) posted higher profits, but its outlook was muted by higher energy and food costs.

Website Pros (Nasdaq: WSPI), which provides Internet hosting and marketing services to small and mid-sized businesses, reported sharply higher revenues and breakeven results.

Shares of IndyMac (NYSE: IMB) dropped to a new low on renewed concerns that the mortgage lender may not be able to remain solvent.

In the broad market, declining issues outpaced advancers by a slim margin on the NYSE and by 10 to 9 on Nasdaq. The Russell 2000 which tracks small cap stocks slipped a point to 732.

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