July 10, 2012 at 18:39 PM EDT
Earnings Warnings Sink Stocks
A series of earnings warnings weighed the markets down to a lower close with the Dow tumbling 83 points to 12,653. Nasdaq dropped 29 points to 2902.
On the upside
Origin Agritech (Nasdaq: SEED) announced that the commercialization of two corn hybrids is awaiting approval from the Chinese government.
Rumors that AerCap (NYSE: AER) may sell itself lifted shares of the integrated aviation company.
Professional staffing firm Kforce (Nasdaq: KFRC) partnered with Monster Worldwide (NYSE: MWW) to deploy Monster's Power Resume Search technology.
On the downside
Citron Research alleged that Questcor Pharmaceuticals (Nasdaq: QCOR) marketed its multiple sclerosis treatment Acthar in questionable ways.
Beazer Homes (NYSE: BZH) will offer $75 million worth of common shares and 3 million equity units.
Cummins (NYSE: CMI) lowered its full year revenue outlook.
In the broad market, declining issues outpaced advancers by a margin of 2 to 1 on both the NYSE and on Nasdaq. The Russell 2000 which tracks small cap stocks dropped 9 points to 795.
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