Sunday, June 12, 2011

Stocks Finish With Sharp Declines

Brooks McFeely submits:

4:13 PM, Jun 10, 2011 --

  • DJIA down 172.45 (-1.42%) to 11,951.91
  • S&P 500 down 18.02 (-1.40%) to 1,270.98
  • Nasdaq down 41.14 (-1.53%) to 2,643.73

GLOBAL SENTIMENT

  • Nikkei up 0.5%.
  • Hang Seng down 0.8%.
  • FTSE-100 down 1.55%.

UPSIDE MOVERS

(+) LULU beats with earnings, guidance.

(+) MCP prices shares.

(+) VRGY gets regulatory green light for Advantest buy.

(+) LYV gains amid going-private talks.

(+) CHTP reports positive Phase III Northera results.

(+) BCRX up on positive swine flu treatment results.

DOWNSIDE MOVERS

(-) DCIX prices shares.

(-) NOK subject of mixed news over chances of selling Siemens JV.

MARKET DIRECTION

A hint of inflation hitting the U.S. economy sent traders fleeing U.S. equities on Friday, driving the major indices lower and extending to six straight weeks declines in the DJIA and S&P 500. Import prices in May came in at a 0.2% gain, surprising Wall Street and suggesting inflationary


Complete Story »

INTERNATIONAL BUSINESS MACHINES (IBM) INTERDIGITAL COMMUNICATIONS INTEL INSIGHT ENTERPRISES INGRAM MICRO

No comments:

Post a Comment