FinancialContent is the trusted provider of stock market information to the media industry.
November 21, 2007 at 16:33 PM EST
Closing Bell Report
Concerns about the economy sent the markets tumbling in the late afternoon to close sharply lower before the start of the holiday shopping season with the Dow plummeting 211 points to 12,799. Nasdaq plunged 35 points to 2562.
On the upside
News that stem cells may be developed from skin cells rather than embryos lifted shares of StemCells (Nasdaq: STEM).
Although New York & Co. (NYSE: NWY) swung to a third quarter loss, revenue rose to surpass expectations.
Capstead Mortgage (NYSE: CMO) raised nearly $81 million in its offering of 8 million shares of common stock.
On the downside
SunTrust Robinson Humphrey downgraded Stein Mart (Nasdaq: SMRT) saying that intense promotions by competitors will hurt earnings.
Lehman Brothers downgraded ITC Holdings (NYSE: ITC) after a Minnesota judged recommended that the Minnesota Public Utilities Commission not approve ITC's acquisition of certain Alliant Energy assets.
Shares of LDK Solar (NYSE: LDK) plunged after rival Trina Solar reported disappointing earnings.
In the broad market, declining issues outpaced advancers by a margin of nearly 3 to 1 on the NYSE and by nearly 5 to 2 on Nasdaq. The Russell 2000 which tracks small cap stocks tumbled 9 points to 740.
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