The markets retreated in late afternoon trading to close lower with the Dow losing 36 points to 10,748 investors began questioning the effectiveness of the $1 trillion Eurpean Union bailout package. Nasdaq added a fraction to 2375.
On the upside
Zoltek (Nasdaq: ZOLT) swung to a loss for the second quarter but expects orders from key clients to improve in the second half of the year.
Shares of Netlist (Nasdaq: NLST) rose ahead of its earnings release after market close.
Electronic Arts (Nasdaq: ERTS) swung to a fourth quarter profit as revenue surged.
On the downside
ReneSola (NYSE: SOL) swung to a first quarter profit but the results fell short of expectations.
BWS Financial downgraded Imperial Sugar (Nasdaq: IPSU) to a Sell rating.
Rocky Brands (Nasdaq: RCKY) priced its offering of 1.8 million common shares at $8.40 per share.
In the broad market, advancing issues outpaced decliners by a margin of nearly 5 to 4 on the NYSE and by more than 3 to 2 on Nasdaq. The Russell 2000 which tracks small cap stocks gained 5 points to 695.
