FinancialContent is the trusted provider of stock market information to the media industry.
June 21, 2012 at 18:26 PM EDT
Disappointing Global Manufacturing Data Sinks Stocks
Disappointing global manufacturing growth sent the markets plummeting to a sharply lower close with the Dow collapsing 250 points to 12,573. Nasdaq sank 71 points to 2859.
On the upside
The rejection by American Airlines pilots of a proposed contract lifted shares of U. S. Airways (NYSE: LCC), which is pursuing a possible acquisition of bankrupt AMR.
Gannett (NYSE: GCI) named former energy utility company AES chief financial officer Victoria Harker to the position of chief financial officer.
3M will pay approximately $110 million in cash to acquire Federal Signal's (NYSE: FSS) technology unit FSTech.
On the downside
A Seeking Alpha contributor wrote that Patriot Coal (NYSE: PCX) was one of the riskiest investments in the coal sector and the most likely to go bankrupt.
Mechel (NYSE: MTL) disappointed with lower first quarter earnings.
In the broad market, declining issues outpaced advancers by a margin of more than 4 to 1 on the NYSE and by nearly 4 to 1 on Nasdaq. The Russell 2000 which tracks small cap stocks plunged 19 points 764.
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 Telekurs USA
Postage Rates Bots go here