Despite new leadership in Italy and Greece, the markets closed lower with the Dow tumbling 74 points to 12,078 as European debt concerns continued to weigh down investor sentiment. Nasdaq dropped 21 points to 2657.
On the upside
Shares of Opko Health (NYSE: OPK) continued rising after Jefferies & Co. initiated coverage of the pharmaceutical on Friday with a Buy rating.
Shares of Darling International (NYSE: DAR) to climb after the company posted sharply higher third quarter earning after market close on Thursday.
A Barron's article said that Corning (NYSE: GLW) shares will rebound.
On the downside
Cadence Pharmaceuticals (Nasdaq: CADX) will sell $75 million worth of common shares through a public offering.
Shares of InterOil (NYSE: IOC) tumbled ahead of its earnings release after market close. The company widened third quarter losses.
JinkoSolar (NYSE: JKS) blamed weak demand and falling prices for slashing its revenue guidance for the third quarter and full year.
In the broad market, declining issues outpaced advancers by a margin of more than 3 to 1 on both the NYSE and on Nasdaq. The Russell 2000 which tracks small cap stocks tumbled 11 points to 732.
