November 13, 2012 at 09:42 AM EST
Greek Bailout Funds Delayed, Markets Mixed
The markets opened mixed with the Dow rising 28 points to 12,843 while Nasdaq lost 8 points to 2895 after crucial bailout funds for Greece was delayed for at least a week.
On the upside
Michael Kors (NYSE: KORS) reported sharply higher second quarter earnings and revenue that surpassed analyst expectations and lifted its full year earnings outlook.
Third quarter revenue and earnings rose for Home Depot (NYSE: HD) to top analyst estimates.
Galena Biopharma (Nasdaq: GALE) reported a smaller than expected loss for the third quarter. On the downside
Weatherford International (NYSE: WFT) reported lower third quarter earnings and forecast fourth quarter earnings below expectations.
Tronox (NYSE: TROX) fell to a loss for the third quarter even as revenue rose.
AK Steel (NYSE: AKS) warned that losses for the fourth quarter will widen more than expected.
In the broad market, declining issues outpaced advancers by a margin of more than 5 to 4 on the NYSE and by more than 9 to 7 on Nasdaq. The Russell 2000 which tracks small cap stocks held steady at 793.
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