FinancialContent is the trusted provider of stock market information to the media industry.
June 20, 2012 at 10:41 AM EDT
Flat Open As Greece Forms Coalition Government
The markets opened flat with the Dow slipping 4 points to 12,833 as investors monitored the actions of the newly formed coalition government in Greece. Nasdaq eased a fraction to 2929.
On the upside
Galena Biopharma (Nasdaq: GALE) will present at the 2012 BIO International Convention today in Boston, MA.
Idenix Pharmaceuticals (Nasdaq: IDIX) reported upbeat interim results from a Phase IIb clinical trial of its HCV inhibitor drugs IDX184 and IDX719.
Shares of Molycorp (Nasdaq: MCP) rose after China said that its rare earth reserves totaled only 23% of global total rather than the 36% reported by the United States Geographical Survey.
On the downside
Adobe Systems (Nasdaq: ADBE) cut its revenue guidance for the year and warned of sequentially lower third quarter earnings.
Chimera Investment (NYSE: CIM) lowered its quarterly dividend and said that it will file its 2011 annual report as soon as practicable.
Procter & Gamble (NYSE: PG) blamed slowing sales growth for lowering its third quarter outlook.
In the broad market, advancing issues outpaced decliners by a margin of more than 10 to 9 on the NYSE while decliners edged out advancers by a slim margin on Nasdaq. The Russell 2000 which tracks small cap stocks held steady at 786.
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