FinancialContent is the trusted provider of stock market information to the media industry.
Mixed Open As Consumer Confidence Falls

The markets opened mixed with the Dow slipping 27 points to 12,475 while Nasdaq rose 3 points to 2840 as consumer confidence fell.

On the upside

The Wall Street Journal reported that News Corp. (Nasdaq: NWSA) may spinoff its publishing operations.

A Seeking Alpha contributor noted that Potash Corp. of Saskatchewan (NYSE: POT) was a bargain among fertilizer stocks.

Apollo Group (Nasdaq: APOL) reported lower third quarter earnings and revenue but the results were better than expected.

On the downside

Shares of Nokia (NYSE: NOK) continued falling after Microsoft unveiled its new Windows Phone 8 last week. Current Windows phones will not be able to upgrade to the new platform.

Patriot Coal (NYSE: PCX) stock continued falling after Standard & Poor's announced last week that Alexander & Baldwin (NYSE: ALEX) would replace the coal company on the S&P MidCap 400 index.

Piper Jaffray downgraded Valueclick (Nasdaq: VCLK) to a Neutral rating.

In the broad market, declining issues barely edged out advancers by a slim margin on both the NYSE and on Nasdaq. The Russell 2000 which tracks small cap stocks eased a fraction to 761.

Stock Market JSON API provided by
Nasdaq quotes delayed at least 15 minutes, all others at least 20 minutes.
By accessing this page, you agree to the following
Privacy Policy and Terms and Conditions.
Press Release Service provided by PRConnect.
Stock quotes supplied by Six Financial
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