The markets recovered early morning losses but continued to trade in negative territory with Dow dropping 51 points to 18,053 over concerns about Greece's financial situation. Nasdaq lost 16 points to 4,976.
On the upside
Shares of EQT GP Holdings (NYSE: EQGP) surged on its first trading day.
The Wall Street Journal reported that Pall (NYSE: PALL) would close an auction to sell itself later this week.
First quarter earnings slipped for FMSA Holdings (NYSE: FMSA) but the results were better than expected.
On the downside
The Securities and Exchange Commission charged ITT Educational Services (NYSE: ESI), chief executive Kevin Modany and chief financial officer Daniel Fitzpatrick with fraud.
DepoMed (Nasdaq: DEPO) fell to a greater than expected loss for the first quarter.
First quarter earnings slipped for WageWorks (NYSE: WAGE) prompting Stifel Nicolaus to cut its price target on the company from $66 to $55.
In the broad market, declining issues outpaced advancers by a margin of 3 to 2 on the NYSE and by more than 5 to 3 on Nasdaq. The broader S&P 500 lost 7 points to 2097. Bitcoin held steady at $241.
Markets lower over Greek financial concerns
May 12, 2015 at 13:42 PM EDT