May 30, 2012 at 10:33 AM EDT
Italian And Spanish Bond Yields Climb, Markets Open Lower

The markets opened sharply lower with the Dow plunging 130 points to 12,450 as bond yields climbed in Italy and Spain. Nasdaq plummeted 33 points to 2837.

On the upside

Neonade (Nasdaq: NEON) will present at Cowen & Co.'s 40th Annual Technology, Media and Telecom Conference this afternoon in New York.


Monsanto (NYSE: MON) raised its earnings outlook for fiscal 2012 due to strong sales.


A Seeking Alpha contributor listed Vishay Technology (Nasdaq: VSH) as one of four undervalued small cap stocks with a large reserve of cash.


On the downside


Private equity firm Gores Group cancelled a $791 million offer to acquire Pep Boys Manny, Moe & Jack (NYSE: PBY).


Research in Motion (Nasdaq: RIMM) warned of losses for the first quarter and announced that it retained the services of JPMorgan and RBC Capital to explore strategic options.

Tata Motors (NYSE: TTM) reported sharply higher fourth quarter earnings but operating margin in its UK unit fell sequentially.

In the broad market, declining issues outpaced advancers by a margin of nearly 8 to 1 on the NYSE and by nearly 5 to 1 on Nasdaq. The Russell 2000 which tracks small cap stocks tumbled 10 points to 766.

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