FinancialContent is the trusted provider of stock market information to the media industry.
Weak Consumer Spending Weighs Down Markets

Weak consumer spending in March weighed the markets down during the midday with the Dow losing 38 points to 13,189. Nasdaq fell 19 points to 3049.

On the upside

Warner Chilcott (Nasdaq: WCRX) said that it has engaged in discussions with potential suitors for a possible sale of the specialty pharmaceutical.

The Wall Street Journal reported that Monster Beverage (Nasdaq: MNST) may be acquired by Coca-Cola (NYSE: KO).

Conceptus (Nasdaq: CPTS) settled its patent infringement suit against Hologic (Nasdaq: HOLX) with Hologic agreeing to withdraw its Adiana Permanent Contraception System from the worldwide market by May 18, 2012.

On the downside

The Food and Drug Administration warned GNC Holdings (NYSE: GNC) on Friday that supplements containing DMAA may elevate blood pressure and could potentially lead to heart attack.

Tenneco (NYSE: TEN) reported sharply lower first quarter earnings that fell short of analyst expectations.

Ladenburg Thalmann downgraded Heckmann (NYSE: HEK) to a Sell rating.

In the broad market, declining issues outpaced advancers by a margin of more than 5 to 3 on the NYSE and by nearly 2 to 1 on Nasdaq. The Russell 2000 which tracks small cap stocks dropped 8 points to 817.

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
Privacy Policy and Terms and Conditions.
Press Release Service provided by PRConnect.
Stock quotes supplied by Six Financial
Postage Rates Bots go here
Financial Widgets

Display market data, financial news or stock quotes - Learn More

Advertising Network

Advertise on FinancialContent's huge network - Learn More

Web Services

Power your internet and wireless applications - Learn More