FinancialContent is the trusted provider of stock market information to the media industry.
April 10, 2012 at 14:42 PM EDT
European Economic Concerns Weigh Down Markets
Borrowing costs continued to climb in Italy and Spain sending the markets tumbling during the midday with the Dow plummeting 185 points to 12,743. Nasdaq plunged 50 points to 2996.
On the upside
A Seeking Alpha contributor wrote yesterday that Guanwei Recycling (Nasdaq: GPRC) has the potential to climb to $3 per share in the short term.
Penn Virginia Resource Partners (NYSE: PVR) will pay $1 billion to acquire pipeline company Chief Gathering.
TheStreet listed Openwave Systems (NYSE: OPWV) as one of five stocks under $5 with much momentum.
On the downside
Jefferies downgraded Halozyme Therapeutics (Nasdaq: HALO) to a Hold rating.
Targacept (Nasdaq: TRGT) announced that there was an error in previously reported results of a Phase 2 clinical trial of its asthma treatment TC-6987.
RBC Capital Markets downgraded United Rentals (NYSE: URI) yesterday from Top Pick to Outperform.
In the broad market, declining issues outpaced advancers by a margin of nearly 7 to 1 on the NYSE and by nearly 5 to 1 on Nasdaq. The Russell 2000 which tracks small cap stocks plummeted 17 points to 785.
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
Press Release Service provided by PRConnect.
Stock quotes supplied by Six Financial
Postage Rates Bots go here