The markets opened mostly lower as investors mulled over the latest unemployment figures and a weak regional manufacturing report. The Dow lost 27 points to 12,001 while Nasdaq dropped 8 points to 2421.
On the upside
On the downsideCoventry Health Care (NYSE: CVH) lowered its outlook for the year due to higher costs. Analysts promptly downgraded the managed care provider.
In the broad market, declining issues outpaced advancers by a margin
of 4 to 3 on both the NYSE and on Nasdaq. The Russell 2000 which
tracks small cap stocks eased a point to 729.