The markets closed lower with the Dow losing 33 points to 12,598 after the European Central Bank confirmed that it will no longer fund undercapitalized Greek banks. Nasdaq fell 19 points to 2874.
On the upside
Relieved investors snapped up shares of Herbalife (HLF) after Greenlight Capital's David Einhorn made no mention of shorting the stock at the Ira Sohn conference.
Bargain hunters lifted shares of Nu Skin Enterprises (NUS) whose stock price tumbled after a weekend Barrons article noted that 90% of Nu Skin distributors in the United States are not profitable.
Shares of Renren (RENN) continued rising after reporting better than expected first quarter results after market close on Monday.
On the downside
MEMC Electronic Materials (WFR) chief financial officer Mark Murphy resigned today and will be replaced by Brian Wuebbels immediately.
Greenlight Capital's David Einhorn said that Martin Marietta Material (MLM) was overvalued.
Shares of Millennial Media (MM) continued falling after reporting first quarter revenue that fell short of estimates and forecasting second quarter and full year revenue below expectations.
In the broad market, declining issues outpaced advancers by a margin of more than 2 to 1 on the NYSE and by nearly 2 to 1 on Nasdaq. The Russell 2000 which tracks small cap stocks fell 5 points to 772.
|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|
|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|
|More News From MarketMinute.com Market Updates|