A disappointingly meager creation of 18,000 jobs in June weighed the markets down during the midday with the
Dow plunging 115 points to 12,603. Nasdaq tumbled 27 points to 2845.
On the upside
Barclays Capital upgraded GenOn Energy (NYSE: GEN) to an Overweight rating yesterday.
China Auto Logistics (Nasdaq: CALI) announced yesterday that it raised $5.25 million through the sale of 3 million unregistered common shares at above market price.
SkyPeople Fruit Juice (Nasdaq: SPU) filed a defamation lawsuit against Absaroka Capital Management and its analyst Kevin Barnes.
Shine's Room issued a report saying that higher raw materials expenses coupled with weak tire sales have hurt margins at Cooper Tire & Rubber (NYSE: CTB).
Cleveland Research reported weak second quarter sales at Dick's Sporting Goods (NYSE: DKS).
Investors locked in profits on TRW Automotive (NYSE: TRW). The company announced yesterday that it was expanding its electrically powered steering systems manufacturing facility in Poland by an additional 9,000 square meters.