FinancialContent is the trusted provider of stock market information to the media industry
Spanish Banks Losses Weigh Down Markets
Posted on May 09, 2012 at 10:42 AM EDT
Concerns about more losses among Spanish banks sent the markets tumbling to a sharply lower open with the Dow plummeting 176 points to 12,755. Nasdaq plunged 44 points to 2902.
On the upside
SodaStream International (Nasdaq: SODA) reported sharply higher first quarter earnings that surpassed analyst expectations as revenue surged.
Second quarter earnings climbed for Walt Disney (NYSE: DIS) to beat expectations on improved revenue from theme parks and pay TV.
On the downside
Dynavax Technologies (Nasdaq: DVAX) priced its public offering of 17.5 million common shares at the discounted price of $4.25.
Macy's (NYSE: M) reported higher first quarter earnings that beat analyst expectations but the retailer's full year guidance fell short of expectations.
Chiquita Brands International (NYSE: CQB) disappointed by falling to a larger than expected loss for the first quarter.
In the broad market, declining issues outpaced advancers by a margin of nearly 6 to 1 on the NYSE and by more than 4 to 1 on Nasdaq. The Russell 2000 which tracks small cap stocks tumbled 9 points to 783.
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 Telekurs USA
Postage Rates Bots go here