The markets retreated into negative territory during the midday with the Dow falling 60
points to 11,345 over renewed concerns about European debt. Nasdaq dropped 27
points to
2496.
On the upside
Clearwire (Nasdaq: CLWR) chairman John W. Stanton purchased 2.755 million shares of company stock.Photronics (Nasdaq: PLAB) impressed with third quarter earnings that nearly doubled to top estimates as revenue climbed.
InterDigital (Nasdaq: IDCC) will move forward with its auction to sell the company.
On the downside
Shares of Chinese online video company Tudou Holdings (Nasdaq: TUDO) tumbled on its first trading day.
A federal judge will allow US Airways Group (NYSE: LCC) to sue its pilots union for illegally encouraging and disrupting airline operations.
Flower Foods (NYSE: FLO) blamed higher expenses for a drop in second quarter earnings.
In the broad market, advancing issues outpaced decliners by a margin of 10 to 9 on the NYSE while decliners edged out advancers by 3 to 2 on Nasdaq. The Russell 2000 which tracks small cap stocks fell 5 points to 699.
