May 07, 2012 at 18:12 PM EDT
Uncertainty In Europe Weighs Down Dow

Uncertainty in Europe weighed the Dow down to a lower close with the blue chip index losing 29 points to 13,008. Nasdaq added a point to 2957.

On the upside

GTSI (Nasdaq: GTSI) will be acquired by Unicom Systems for approximately $76 million in cash.


Shares of Kingold Jewelry (Nasdaq: KGJI) rose ahead of its earnings release on Wednesday, May 9 after market close.

First quarter earnings slipped for GEO Group (NYSE: GEO) but the results topped analyst estimates. Separately, the company announced that it will pay approximately $27 million to acquire 100% of the partnership interests in Municipal Corrections Finance.


On the downside


PetMed Express (Nasdaq: PETS) reported lower fourth quarter earnings as expenses rose.


Sycamore upped its offer forTalbots (NYSE: TLB) to $3.05 per share. Talbots rejected the company's previous $3 per share bid saying that the price was too low.

Westlake Chemical (NYSE: WLK) withdrew its $1.9 billion offer to acquire Georgia Gulf (NYSE: GGC) on Friday after market close.


In the broad market, advancing issues outpaced decliners by a margin of nearly 5 to 4 on both the NYSE and on Nasdaq. The Russell 2000 which tracks small cap stocks added a point to 793.

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