Fitch Ratings downgraded Greece even further to indicate that the beleaguered country had a high likelihood of defaulting. The markets opened lower with the Dow slipping 6 points to 12,959 while Nasdaq lost 2 points to 2945.
On the upside
Chico's FAS (NYSE: CHS) reported higher fourth quarter earnings that topped analyst estimates as revenue rose.
Fourth quarter earnings climbed for Garmin (Nasdaq: GRMN) to surpass analyst expectations by a wide margin.
Shares of Threshold Pharmaceuticals (Nasdaq: THLD) continued rising after reporting upbeat results from a midstage clinical trial of its pancreatic cancer treatment TH-302 yesterday.
On the downside
Yingli Green Energy (NYSE: YGE) warned that shipments in the fourth quarter will be lower than expected.
Dell (Nasdaq: DELL) disappointed with lower fourth quarter earnings that fell short of analyst expectations and forecast current quarter revenue below estimates.
Newfield Exploration (NYSE: NFX) reported fourth quarter earnings that analyst estimates prompting downgrades.
In the broad market, declining issues outpaced advancers by a margin of 10 to 9 on the NYSE and by nearly 9 to 7 on Nasdaq. The Russell 2000 which tracks small cap stocks held steady at 823.
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 Six Financial
Postage Rates Bots go here