FinancialContent is the trusted provider of stock market information to the media industry.
May 30, 2012 at 13:28 PM EDT
Surprise Drop In Pending Home Sales Sends Markets Tumbling

An unexpected drop in pending home sales sent the markets tumbling during the midday with the Dow slumping 163 points to 12,416. Nasdaq plunged 45 points to 2825.

On the upside

NCI (Nasdaq: NCI) was awarded the Chief Information Officers-Solutions and Partners Government Wide Acquisition Contract.


Fourth quarter earnings more than doubled for Booz Allen (NYSE: BAH) to surpass analyst expectations.


The Fresh Market (Nasdaq: TFM) reported higher first quarter earnings and revenue that beat expectations.


On the downside


Perfect World (Nasdaq: PWRD) disappointed with lower first quarter earnings.


Teavana (NYSE: TEA) reported flat first quarter earnings but revenue fell short of expectations and the company forecast current quarter revenue below estimates.

Deutsche Bank downgraded Frontline (NYSE: FRO) to a Sell rating.

In the broad market, declining issues outpaced advancers by a margin of nearly 7 to 1 on the NYSE and by more than 4 to 1 on Nasdaq. The Russell 2000 which tracks small cap stocks plunged 13 points to 763.

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