FinancialContent is the trusted provider of stock market information to the media industry.
May 24, 2012 at 13:04 PM EDT
British Economy Contracts, Markets Fall
Further contraction of the British economy weighed the markets down during the midday with the Dow losing 32 points to 12,463. Nasdaq fell 18 points to 2831.
On the upside
Genetic Technologies (Nasdaq: GENE) continued soaring after announcing increasing sales of its breast cancer risk test BREVAGen on Tuesday.
Shares of Rosetta Genomics (Nasdaq: ROSG) surged again over acquisition speculation.
First quarter earnings soared for PVH (NYSE: PVH) to beat expectations prompting the apparel retailer to lift its full year guidance.
On the downside
Signet Jewelers (NYSE: SIG) reported higher first quarter earnings but revenue fell short of estimates and the jewelry retailer forecast second quarter income that missed analyst expectations.
A Seeking Alpha contributor recommended that investors avoid Patriot Coal (NYSE: PCX) saying that the company could file for bankruptcy.
A Seeking Alpha contributor calculated Alpha Natural Resources' (NYSE: ANC) Altman Z-score as indicating a very high likelihood of bankruptcy.
In the broad market, declining issues outpaced advancers by a margin of nearly 5 to 4 on the NYSE and by a 9 to 7 on Nasdaq. The Russell 2000 which tracks small cap stocks lost 3 points to 762.
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