The disappointing market debut of social networking giant Facebook weighed the markets down to a lower close with the Dow falling 73 points to 12,369. Nasdaq dropped 34 points to 2778.
On the upside
Bargain hunters snapped up shares of Clearwire (CLWR).
Beazer Homes (BZH) formed a real estate investment trust to acquire, refurbish and lease previously-owned single-family homes.
Rising gold prices lifted shares of AngloGold Ashanti (AU).
On the downside
Shares of JA Solar (JASO) continued falling after the Commerce Department announced new tariffs yesterday on solar panel imports from China.
Mad Money's Jim Cramer rated Walter Energy (WLT) a Sell.
In the broad market, declining issues outpaced advancers by a margin of more than 3 to 1 on the NYSE and by 5 to 2 on Nasdaq. The Russell 2000 which tracks small cap stocks dropped 7 points to 747.
|10:43 AM||Lower Open Over QE Concerns|
|Thu, May 23, 2013|
|05:35 PM||Modestly Lower Close Despite Nikkei Drop|
|01:45 PM||Markets Pare Losses On Rising On Home Sales|
|10:41 AM||Lower Open As Chinese Factory Activity Drops|
|Wed, May 22, 2013|
|07:07 PM||Sharply Lower Close On Disappointing Earnings|
|03:07 PM||Markets Retreat To Trade Mixed|
|10:42 AM||Fed To Continue Stimulus Program, Markets Soar|
|Tue, May 21, 2013|
|06:26 PM||Dow Rises To Another Record|
|01:34 PM||Markets Advance Ahead Of Bernanke Testimony|
|10:43 AM||Mixed Open Ahead Of Apple's Testimony|
|Mon, May 20, 2013|
|06:07 PM||Investors Lock In Profits|
|03:00 PM||Profit Taking Weighs Down Markets|
|10:42 AM||Mixed Open After Records Last Week|
|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|
|More News From MarketMinute.com Market Updates|