Mid-Day Report

An unexpected gain in jobless claims along with mixed retails sales sent the markets tumbling during the midday with the Dow plunging 131 points to 11,525. Nasdaq fell 7 points to 2372.

On the upside

Brookdale Senior Living (NYSE: BKD) narrowed second quarter losses and declared a quarterly dividend of 25 cents per share.

Petrohawk Energy (NYSE: HK) swung to a loss for the second quarter due to a significant derivative charge but revenue rose to top estimates.

Warnaco (NYSE: WRC) reported higher second quarter earnings that beat expectations and lifted its full year outlook as sales in Europe surged.

On the downside

MCG Capital (Nasdaq: MCGC) swung to a loss for the second quarter as revenue plunged.

Although InVentiv Health (Nasdaq: VTIV) reported higher second quarter earnings that beat expectations, the company cut its full year guidance.

Internet infrastructure services provider VeriSign (Nasdaq: VRSN) blamed a $98 million restructuring charge for widening second quarter losses. An analyst downgraded the company.

In the broad market, declining issues outpaced advancers by a margin of more than 2 to 1 on the NYSE and by more than 7 to 5 on Nasdaq. The Russell 2000 which tracks small cap stocks dropped 5 points to 721.

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