June 27, 2008 at 11:00 AM EDT
Opening Bell Report

The markets opened mixed as investors mulled over June consumer confidence numbers that sank to 28-year lows. The Dow slipped 5 points to 11,448 while Nasdaq rose 3 points to 2324.

On the upside

Accenture (NYSE: ACN) posted higher quarterly earnings that beat expectations and raised its business outlook for the year due to strong demand for consulting and outsourcing services.

Shares of AZZ (NYSE: AZZ) surged after the maker of electronic components posted quarterly profits that doubled and raised its outlook for the year.

Shares of AK Steel (NYSE: AKS) rose after the company was added to the S&P 500.

On the downside

Shares of Yahoo (Nasdaq: YHOO) slipped as investors were mostly unimpressed with the latest reorganization and executive shuffle at the beleaguered Internet portal.

A Credit Suisse analyst downgraded shares of Nokia (NYSE: NOK) due to intense competition in the smartphone business. Shares of Research in Motion (Nasdaq: RIMM) which makes the popular Blackberry mobile device remained under pressure due to yesterday's lowered guidance.

Steelcase (NYSE: SCS) reported lower profits. The maker of office furniture raised its outlook, but it was still tempered by the slow U.S. economy.

In the broad market, declining issues outpaced advancers by a margin of nearly 10 to 9 on the NYSE and were nearly even on Nasdaq. The Russell 2000 which tracks small cap stocks rose a fraction to 699.

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