FinancialContent is the trusted provider of stock market information to the media industry.
March 15, 2012 at 10:41 AM EDT
Flat Open As Wholesale Prices Rise
Rising gasoline prices lifted wholesale prices in February 0.4% but core prices edged up a mere 0.2%. The markets opened flat with the Dow adding 7 points to 13,202 while Nasdaq rose 9 points to 3049.
On the upside
Germany's Federal Joint Committee granted InterMune's (Nasdaq: ITMN) lung scarring treatment Esbriet additional benefit status.
Jefferies analyst Mark Lipacis upgraded Advanced Micro Devices (NYSE: AMD) to a Buy rating and increased his price target from $7 to $10.50.
Shares of Endocyte (Nasdaq: ECYT) continued climbing after announcing plans yesterday to resume late stage clinical trials of its ovarian cancer treatment EC145.
On the downside
Guess (NYSE: GES) reported lower fourth quarter earnings and forecast current quarter and 2012 results below analyst expectations.
Fourth quarter earnings climbed to beat expectations for Vera Bradley (Nasdaq: VRA) but the accessories retailer forecast first quarter results that fell short of estimates.
Yongye International (Nasdaq: YONG) disappointed by falling to a loss for the fourth quarter even as revenue surged.
In the broad market, declining issues outpaced advancers by a margin of nearly 9 to 7 on the NYSE and by nearly 10 to 9 on Nasdaq. The Russell 2000 which tracks small cap stocks held steady at 823.
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