The falling euro sent the markets tumbling to a sharply lower open with the Dow plummeting 156 point to 12,346. Nasdaq plunged 31 points to 2807.
On the upside
Transtelco will conduct a trial of Alcatel-Lucent's (ALU) CloudBand solution featuring higher connection speeds and bandwidth.
The Wall Street Journal reported that Patriot Coal (PCX) was exploring refinancing options with Blackstone Group.
Recon Technology (RCON) announced a contract valued at more than $3.02 million to provide China National Petroleum with the Emerson PCS & SIS Systems in its South Yolotan Gas Field Project.
On the downside
Dell (DELL) disappointed with lower first quarter earnings that fell short of analyst expectations and forecast lower current quarter revenue below estimates.
Shares of Hewlett-Packard (HPQ) fell ahead of its earnings release after market close and the anticipated layoff of 25,000 employees.
Qihoo 360 Technology (QIHU) reversed year ago losses to post a better than expected profit for the first quarter as revenue surged but the stock price fell.
In the broad market, declining issues outpaced advancers by a margin of more than 4 to 1 on the NYSE and by a nearly 7 to 2 on Nasdaq. The Russell 2000 which tracks small cap stocks tumbled 7 points to 752.
|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|