FinancialContent is the trusted provider of stock market information to the media industry.
July 02, 2012 at 14:35 PM EDT
Markets Fall As Manufacturing Activity Contracts
A contraction of June manufacturing activity in the United States weighed the markets down during the midday with the Dow losing 37 points to 12,842. Nasdaq added 3 points to 2938.
On the upside
MEMC Electronic Materials (NYSE: WFR) sold four solar projects in Europe during the second quarter.
Rumors that Best Buy (NYSE: BBY) founder Richard Schulze will acquire the company lifted shares of the electronic retailer.
ATP Oil & Gas (Nasdaq: ATPG) discovered natural gas at the Shimshon well off the coast of Israel.
On the downside
Construction spending rose more than expected in May but shares of Hovnanian Enterprises (NYSE: HOV) fell.
Barclay's Capital analyst Mark May downgraded OpenTable (Nasdaq: OPEN) to Equal Weight and lowered his price target on the online restaurant reservation service to $43 from $50.
Mad Money's Jim Cramer told viewers on Friday that he was bearish on Navistar International (NYSE: NAV).
In the broad market, advancing outpaced decliners by a margin of 4 to 3 on the NYSE while decliners edged out advancers by a slim margin on Nasdaq. The Russell 2000 which tracks small cap stocks added a fraction to 798.
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