FinancialContent is the trusted provider of stock market information to the media industry.
Concerns About Spain Aid Sinks Stocks

Concerns about the 100 billion euro financial aid package for Spain sank the markets with the Dow plunging 142 points to close at 12,411. Nasdaq plummeted 48 points to 2809.

On the upside

Citi Investment Research analyst Gary Taylor upgraded Community Health Systems (NYSE: CYH) to a Buy rating.

Ampio Pharmaceuticals (Nasdaq: AMPE) reported upbeat results from a clinical trial of its diabetic macular edema treatment Optina.

Kingold Jewelry (Nasdaq: KGJI) stockholders approved hiring Friedman LLP as the company's independent public accounting firm.

On the downside

ModulLink Global Solutions (Nasdaq: MLNK) chief executive Joseph Lawler will retire after a new chief executive is identified. The company also announced that financial reports from fiscal 2009 to the present will be restated and results for its current quarter will be delayed.

Shares of Alpha Natural Resources (NYSE: ANR) continued falling after announcing on Friday the idling of four mines, closure of four mines and lowering of production at other facilities.

Shares of WellCare Health Plans (NYSE: WCG) fell after rival Medicaid insurer Centene (NYSE: CNC) slashed its full year outlook.

In the broad market, declining issues outpaced advancers by a margin of more than 7 to 2 on the NYSE and by nearly 7 to 2 on Nasdaq. The Russell 2000 which tracks small cap stocks plunged 18 points to 751.

Data & News supplied by
Stock quotes supplied by Six Financial & Barchart
Quotes delayed at least 20 minutes.
By accessing this page, you agree to the following
Privacy Policy and Terms and Conditions.
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