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June 04, 2012 at 15:15 PM EDT
Markets Fall Over European Debt Concerns
The markets turned negative during the midday with the Dow falling 52 points to 12,065 as European debt concerns continued to weigh on investors. Nasdaq lost 9 points to 2738.
On the upside
Chesapeake Energy (NYSE: CHK) will replace four of its board members.
On the downside
Shares of Hovnanian Enterprises (NYSE: HOV) continued falling following a disappointing pending home sales report last week.
A Seeking Alpha contributor recommended shorting Frontline (NYSE: FRO).
In the broad market, declining issues outpaced advancers by a margin of more than 5 to 2 on the NYSE and by 3 to 2 on Nasdaq. The Russell 2000 which tracks small cap stocks lost 5 points to 731.
Chesapeake Energy Corp. Delta Air Lines Dow Jones Industrial Average (EOD) Forestar Group Frontline Hovnanian Enterprises Inc. Cl A Laboratory Corp. of America Holdings NYSE COMPOSITE INDX Russell 1000 Index Russell 2000 Russell 3000 Index Standard & Poors 500 US Airways Group, Inc. United Continental Holdings
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