Continued concerns of a spreading debt crisis in Europe sent the markets down to a lower close with the
Dow tumbling 94 points to 12,385. Nasdaq fell 24
points to 2765.
On the upside
Check Point Software Technologies (Nasdaq: CHKP) reported sharply higher second quarter earnings that topped analyst estimates prompting the Internet security software firm to lift its full year outlook.
A Seeking Alpha article on Friday refuted allegations that Shengkai Innovations (Nasdaq: VALV) committed fraud.
Valence Technology (Nasdaq: VLNC) raised its revenue outlook for the first quarter as shipments climbed.
Despite passing bank stress tests, shares of Allied Irish Bank (NYSE: AIB) and the Bank of Ireland (NYSE: IRE) both fell over concerns of a widening debt crisis in Europe.
MGIC Investment's (NYSE: MTG) second quarter loss weighed down shares of fellow mortgage insurer PMI Group (NYSE: PMI).
Delta Air Lines (NYSE: DAL) will no longer fly to 24 cities in the Midwest citing weak demand.