July 06, 2012 at 18:25 PM EDT
Stagnant Hiring Renews Fears Of Stalled Recovery
Stagnant hiring in June renewed fears of a stalled economic recovery to send the markets down to a sharply lower close with the Dow collapsing 124 points to 12,772. Nasdaq tumbled 38 points to 2937.
On the upside
Jamba Juice (Nasdaq: JMBA) partnered with USA Water Polo to fight childhood obesity.
Speculation that Research in Motion (Nasdaq: RIMM) may be acquired for its intellectual property lifted shares of the Blackberry maker.
Motley Fool listed three reasons to purchase shares of Green Mountain Coffee Roasters (Nasdaq: GMCR).
On the downside
Informatica's (Nasdaq: INFA) earnings warning weighed down shares of fellow enterprise software firms Teradata (NYSE: TDC) and Qlik Technologies (Nasdaq: QLIK).
A123 (Nasdaq: AONE) will raise approximately $39 million but analysts say that the battery maker needs to raise much more capital to remain viable.
Standard & Poor's Ratings Service downgraded the outlook of Walter Energy (NYSE: WLT) to negative while affirming its corporate credit rating of BB-.
In the broad market, declining issues outpaced advancers by a margin of more than 2 to 1 on the NYSE and by nearly 5 to 2 on Nasdaq. The Russell 2000 which tracks small cap stocks plunged 10 points to 807.
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
Privacy Policy and Terms and Conditions.
Press Release Service provided by PRConnect.
Stock quotes supplied by Six Financial
Postage Rates Bots go here