Concerns about European political stability weighed the markets down during the midday with the Dow plummeting 146 points to 12,862. Nasdaq tumbled 32 points to 2925.
On the upside
OfficeMax (OMX) reported lower first quarter earnings but the results were better than expected.
Savient Pharmaceuticals (SVNT) entered agreements with certain creditors to restructure its debt.
First quarter earnings for Generac (GNRC) surged to surpass analyst expectations by a wide margin prompting the company to boost its full year revenue outlook.
On the downside
Rackspace Hosting (RAX) disappointed with first quarter earnings that missed analyst expectations.
Jaguar Mining (JAG) will implement a restructuring plan but will reject a change of control proposal from Shandong Gold Group.
Merge Healthcare (MRGE) narrowed first quarter losses and created operating groups Merge Healthcare and Merge DNA.
In the broad market, declining issues outpaced advancers by a margin of nearly 3 to 1 on the NYSE and by more than 2 to 1 on Nasdaq. The Russell 2000 which tracks small cap stocks dropped 7 points to 786.
|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|