Stocks Open Lower on Latest Economic Reports

The markets opened lower as investors mulled over the latest report on durable goods orders which unexpectedly fell in August.   The Dow lost 6 points to 9701 while the tech-laden Nasdaq dropped a steeper 8 points to 2099.

On the upside 

Sporting goods retailer The Finish Line (Nasdaq: FINL) posted lower revenues and a slim quarterly loss.

An analyst upgraded Brunswick Corporation (NYSE: BC).  The company sells recreational boats and exercise equipment.

Unilever offered $1.88 billion to buy several product lines from Sara Lee (NYSE: SLE).

On the downside

Shares of Research in Motion (Nasdaq: RIMM) fell sharply after the maker of the popular Blackberry mobile devices posted higher revenues and earnings, but offered a cautious outlook.

Hewlett Packard (NYSE: HPQ) offered a 2010 forecast with revenue targets that were slightly lower and earnings that were higher.

Pennsylvania-based Metro Bancorp (Nasdaq: METR) offered 6.2 milion shares at $12 apiece.

In the broad market, declining issues outpaced advancers by a margin of 5 to 4 on both the NYSE and Nasdaq. The Russell 2000 which tracks small cap stocks lost a fraction to 601.

Data & News supplied by www.cloudquote.io
Stock quotes supplied by Barchart
Quotes delayed at least 20 minutes.
By accessing this page, you agree to the following
Privacy Policy and Terms and Conditions.