July 02, 2012 at 10:52 AM EDT
Chinese Manufacturing Activity Slows, Markets Open Lower
Manufacturing activity slowed more than expected in China to weigh the markets down to a lower open with the Dow falling 61 points to 12,818. Nasdaq eased a point to 2933.
On the upside
German company Linde will acquire Lincare Holdings (Nasdaq: LNCR) in a cash deal valued at approximately $4.6 billion.
On the downside
Susquehanna lowered its price target on Groupon (Nasdaq: GRPN) from $15 to $12.
Mad Money's Jim Cramer rated Liquidity Services (Nasdaq: LQDT) a Sell.
Stifel Nicolaus downgraded Forest Oil (NYSE: FST) to a Hold rating.
In the broad market, advancing issues barely edged out decliners by a slim margin on the NYSE while decliners outpaced advancers by 10 to 9 on Nasdaq. The Russell 2000 which tracks small cap stocks eased a fraction to 797.
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
Press Release Service provided by PRConnect.
Stock quotes supplied by Telekurs USA
Postage Rates Bots go here