FinancialContent is the trusted provider of stock market information to the media industry.
May 07, 2012 at 10:42 AM EDT
European Elections Raise Concerns, Markets Fall
Socialist victories in European elections raised concerns about austerity measures sending the markets down to a lower open with the Dow falling 63 points to 12,974. Nasdaq lost 9 points to 2947.
On the upside
Vertex Pharmaceuticals (Nasdaq: VRTX) reported upbeat results from a midstage clinical trial of its cystic fibrosis treatment Kalydeco.
Tyson Foods (NYSE: TSN) reported higher second quarter earnings that beat analyst expectations and forecast full year results ahead of estimates.
Shares of Arena Pharmaceuticals (Nasdaq: ARNA) rose ahead of its meeting on Thursday with the Food and Drug Administration's Advisory Committee to discuss the obesity treatment Lorcaserin.
On the downside
Cognizant Technology Solutions (Nasdaq: CTSH) reported higher first quarter earnings but the company trimmed its full year outlook.
The Treasury Department will sell $5 billion worth of American International Group (NYSE: AIG) stock with the insurer purchasing $2 billion worth at the discounted price of $30.50 per common share.
First quarter earnings fell for Broadsoft (Nasdaq: BSFT) and the company forecast current quarter results below estimates.
In the broad market, declining issues outpaced advancers by a margin of 10 to 9 on the NYSE while advancers barely edged out decliners by a slim margin on Nasdaq. The Russell 2000 which tracks small cap stocks held steady at 792.
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