FinancialContent is the trusted provider of stock market information to the media industry.
June 05, 2012 at 13:32 PM EDT
Markets Flat Over Spanish Banking Concerns
The markets traded near the flatline with the Dow slipping 5 points to 12,095 as Spain's Treasury Minister acknowledged that its banks would need financial assistance from the European Union. Nasdaq edged up a fraction to 2760.
On the upside
Avian Securities upgraded RF Micro Devices (Nasdaq: RFMD) from Neutral to Positive.
Radian Group (NYSE: RDN) subsidiary Radian Guaranty reported $2.73 billion worth of new insurance written in May and lower delinquencies.
On the downside
Fastenal (Nasdaq: FAST) reported higher sales in May but the gains may not be enough to meet second quarter expectations.
Central European Distribution (Nasdaq: CEDC) must restate financial reports beginning January 1, 2010 to the present.
Analysts expect Quiksilver (NYSE: ZQK) to report lower second quarter earnings on Thursday.
In the broad market, advancing issues outpaced decliners by a margin of more than 5 to 3 on the NYSE and by more than 9 to 7 on Nasdaq. The Russell 2000 which tracks small cap stocks added 2 points to 740.
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