Disappointment In European Leadership Weighs Down Markets

Disappointment with European leaders' handling of their debt crisis weighed the markets down to a lower close with the Dow dropping 76 points to 11,405. Nasdaq fell 31 points to 2523.

On the upside

Regis (NYSE: RGS) shareholder Starboard Value said in a letter to Regis that the company is undervalued, expenses must be lowered and non-core businesses need to be sold.

General Steel Holdings (NYSE: GSI) narrowed second quarter losses as revenue nearly doubled.

USA Technologies (Nasdaq: USAT) reported that customers using its ePort cashless payment system at vending machines spent more on purchases than customers using cash.

On the downside

Mad Money's Jim Cramer recommended selling SodaStream (Nasdaq: SODA) saying that the company was not headed in a profitable direction.

France's and Germany's proposal to impose a financial-transaction tax weighed down shares of NYSE Euronext (NYSE: NYX).

MedQuist Holdings (Nasdaq: MEDH) reversed year ago losses to post a profit for the second quarter but revenue slipped to fall short of expectations.

In the broad market, declining issues outpaced advancers by a margin of 8 to 3 on the NYSE and by nearly 7 to 2 on Nasdaq. The Russell 2000 which tracks small cap stocks tumbled 13 points to 704.
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