The European Central Bank halted refinancing operations with certain Greek banks. The markets traded mixed during the midday with the Dow rising 20 points to 12,652 while Nasdaq slipped 2 points to 2981.
On the upside
A Food and Drug Administration advisory committee unanimously recommended approval for OraSure Technologies' (OSUR) OraQuick In-Home HIV Test.
SAC Capital has acquired more than 4.7 million shares of Goodyear Tire & Rubber (GT) in the first quarter.
Legg Mason (LM) will repurchase $1.25 billion in convertible senior notes and increased its stock buyback plan by an additional $1 billion.
On the downside
Velti (VELT) narrowed first quarter losses more than expected as revenue surged but investors were disappointed that its full year guidance fell in line with expectations rather than surpassing analyst estimates.
Standard & Poor's downgraded Patriot Coal's (PCX) credit rating to a B-.
Shares of Tata Motors (TTM) fell after Mercedes-Benz unveiled the latest M-Class sport utility vehicle model for the Indian market.
In the broad market, declining issues barely edged out advancers by a slim margin on the NYSE and while advancers outpaced decliners by a narrow margin on Nasdaq. The Russell 2000 which tracks small cap stocks added a point to 778.
|Fri, May 17, 2013|
|06:22 PM||Records For Fourth Consecutive Week|
|03:02 PM||Markets Rise As Consumer Sentiment Climbs|
|10:42 AM||High Open As Consumer Sentiment Climbs|
|Thu, May 16, 2013|
|06:29 PM||Economic Data Weighs Down Markets|
|02:20 PM||Markets Rise On Upbeat Earnings|
|10:42 AM||Mixed Open As Jobless Claims Rise|
|Wed, May 15, 2013|
|06:43 PM||Record Dow Close Again|
|01:23 PM||Rise In Homebuilder Confidence Lifts Markets|
|11:30 AM||Lower Open As Factory Output Drops|
|Tue, May 14, 2013|
|06:27 PM||Another Dow Record As Investor Confidence Grows|
|01:03 PM||Investor Optimism Lifts Markets|
|10:42 AM||Higher Open On Lower Import Prices|
|Mon, May 13, 2013|
|06:07 PM||Mixed Close Over Stimulus Concerns|
|01:34 PM||Markets Mixed As Retail Sales Rise|
|10:43 AM||Stimulus May End, Markets Open Lower|
|Fri, May 10, 2013|
|06:31 PM||Another Winning Week|
|02:06 PM||Mixed Markets As Investors Monitor Global Developments|
|11:33 AM||Mixed Open After Record Week|
|Thu, May 09, 2013|
|06:01 PM||Markets Retreat From Record Highs|
|03:13 PM||Markets Rise As Jobless Claims Drop|
|10:42 AM||Markets Retreat After Yesterday's Record Close|
|Wed, May 08, 2013|
|06:08 PM||Upbeat Earnings Boost Markets To Another Record|
|01:46 PM||Dow Advances Further Into Record Territory|
|10:42 AM||Mixed Open After Record Close Yesterday|
|Tue, May 07, 2013|
|06:21 PM||Record Day For Dow, S&P 500|
|01:35 PM||Dow Tops 15,000|
|10:43 AM||Mixed Open As Investors Monitor Earnings|
|Mon, May 06, 2013|
|05:26 PM||S&P 500 Sets New Record, Dow Slips|
|02:05 PM||Banks Settle Lawsuits, Market Advance|
|11:35 AM||Mixed Open After Record Week|
|More News From MarketMinute.com Market Updates|