Spanish banks will receive a larger than expected bailout package of 100 billion euros. The markets opened lower with the Dow slipping 7 points to 12,546 while Nasdaq lost 2 points to 2855.
On the upside
Financial Times Deutschland reported that Volkswagen may consider acquiring a stake in Navistar International (NYSE: NAV).
On the downside
Kroger (NYSE: KR) will begin offering store branded K-Cups to be used with Green Mountain Coffee Roasters' (Nasdaq: GMCR) Keurig brewing system but the grocery store chain said that it may sell single serve coffee cups for other brewers as well.
EnergySolutions (NYSE: ES) cut its full year guidance.
Dahlman Rose downgraded AK Steel Holding (NYSE: AKS) from a Buy rating to Hold.
In the broad market, advancing issues barely edged out decliners by a slim margin on the NYSE while decliners outpaced advancers by nearly 10 to 9 on Nasdaq. The Russell 2000 which tracks small cap stocks eased a point to 767.
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