FinancialContent is the trusted provider of stock market information to the media industry.
May 08, 2012 at 10:37 AM EDT
Greece Struggles To Form Government, Markets Plunge
The markets opened sharply lower with the Dow plunging 150 points to 12,858 as Greece struggled to form a government. Nasdaq plummeted 45 points to 2912.
On the upside
Shares of Arena Pharmaceuticals (Nasdaq: ARNA) soared ahead of its meeting with a Food and Drug Advisory Committee on Thursday, May 10 for its obesity treatment Lorcaserin.
Patriot Coal (NYSE: PCX) widened first quarter losses more than expected but thermal coal exports are expected to double this year.
Vitamin Shoppe (NYSE: VSI) reported sharply higher first quarter earnings as sales climbed.
On the downside
Fossil (Nasdaq: FOSL) reported higher first quarter earnings but revenue fell short of expectations and the fashion accessories company slashed its full year forecast.
Dendreon (Nasdaq: DNDN) narrowed first quarter losses but concerns about competition for its only product Provenge weighed down shares of the biotechnology company.
MAKO Surgical (Nasdaq: MAKO) widened first quarter losses more than expected and cut the sales guidance for its RIO robotic surgery system.
In the broad market, declining issues outpaced advancers by a margin of nearly 7 to 2 on the NYSE and by more than 5 to 2 on Nasdaq. The Russell 2000 which tracks small cap stocks dropped 7 points to 786.
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