Flat Close Over France's Downgrade
The markets closed flat with the Dow slipping 7 points to 12,788 despite a downgrade of France's credit rating as new home construction soared. Nasdaq edged up a point to 2916.
On the upside
School Specialty (Nasdaq: SCHS) reported higher second quarter earnings despite lower revenue.
The Food and Drug Administration approved HeartWare International's (Nasdaq: HTWR) battery-powered Ventricular Assist System for implanting into heart failure patients.
Dycom Industries (NYSE: DY) will pay approximately $275 million in cash to acquire Quanta Services' telecommunications subsidiaries.
On the downside
A Seeking Alpha contributor recommended selling Arch Coal (NYSE: ACI).
Trina Solar (NYSE: TSL) widened third quarter losses more than expected as revenue tumbled.
Bayer abandoned its efforts to acquire Schiff Nutrition (NYSE: SHF) after Reckitt made a higher offer for the nutritional supplement company.
In the broad market, advancing issues outpaced decliners by a margin of 9 to 7 on the NYSE while decliners edged out advancers by a margin of 10 to 9 on Nasdaq. The Russell 2000 which tracks small cap stocks edged up a fraction to 793.
Stock Market XML and JSON Data API provided by FinancialContent Services, Inc.
Nasdaq quotes delayed at least 15 minutes, all others at least 20 minutes.
Markets are closed on certain holidays. Stock Market Holiday List
By accessing this page, you agree to the following
Privacy Policy and Terms and Conditions.
Press Release Service provided by PRConnect.
Stock quotes supplied by Six Financial
Postage Rates Bots go here