FinancialContent is the trusted provider of stock market information to the media industry.
April 05, 2012 at 10:42 AM EDT
Markets Open Lower Even As Jobless Claims Fall
First time applications for unemployment benefits fell last week but the markets opened lower with the Dow losing 19 points to 13,054 over concerns about the health of Spain's economy. Nasdaq slipped 2 points to 3065.
On the upside
Bed Bath & Beyond (Nasdaq: BBBY) reported higher fourth quarter earrings that surpassed analyst expectations as revenue rose.
Shares of Cleantech Solutions (Nasdaq: CLNT) continued climbing after a Seeking Alpha contributor wrote yesterday that investors expected the stock to advance even further.
On the downside
Galena Biopharma (Nasdaq: GALE) priced its public offering of 8.5 million common shares at the discounted price of $1.50 per share.
Hovnanian Enterprises (NYSE: HOV) priced its offering of 25 million common shares at the discounted price of $2.00 per share.
Polycom (Nasdaq: PLCM) warned that first quarter earnings and revenue will fall short of expectations.
In the broad market, declining issues outpaced advancers by a margin of nearly 9 to 7 on both the NYSE and on Nasdaq. The Russell 2000 which tracks small cap stocks eased a fraction to 819.
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