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February 06, 2012 at 14:17 PM EST
Another Greek Deadline Passes With No Deal, Markets Fall
The markets traded lower during the midday with the Dow losing 44 points to 12,817 after another deadline passed for Greece to restructure its debt. Nasdaq slipped 6 points to 2899.
On the upside
The Food and Drug Administration's critical review of Amgen's (Nasdaq: AMGN) prostate cancer treatment Xgeva lifted shares of rival Dendreon (Nasdaq: DNDN), whose prostate cancer treatment Provenge was approved in April 2010.
HCA Holdings (NYSE: HCA) reported sharply higher fourth quarter earnings that surpassed analyst expectations by a wide margin.
Bargain hunters lifted shares of Abercrombie & Fitch (NYSE: ANF), whose shares tumbled last week after the retailer warned that fourth quarter results would fall short of expectations.
On the downside
Sysco (NYSE: SYY) disappointed with lower second quarter earnings that fell short of analyst expectations as margins slipped.
In the broad market, declining issues outpaced advancers by a margin of more than 5 to 3 on both the NYSE and on Nasdaq. The Russell 2000 which tracks small cap stocks lost 3 points to 827.
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