January 30, 2013 at 09:38 AM EST
Lower Open As GDP Contracts
The markets opened lower with the Dow losing 24 points to 13,930 as the nation's economy contracted in the fourth quarter. Nasdaq slipped 3 points to 3150.
On the upside
Chesapeake Energy (NYSE: CHK) chief executive Aubrey McClendon will retire on April 1 prompting an upgrade.
Keryx Biopharmaceuticals (Nasdaq: KERX) will make a public offering of $55 million worth of common stock.
On the downside
Ventrus Biosciences (Nasdaq: VTUS) priced its public offering of 5.8 million common shares at the discounted price of $2.50 per share. Sensata Technologies (NYSE: ST) reported sharply higher fourth quarter earnings that topped analyst estimates but the company forecast current quarter results below expectations.
Meritor (NYSE: MTOR) narrowed first quarter losses but the results fell short of analyst expectations and the company trimmed its full year revenue guidance.
In the broad market, declining issues outpaced advancers by a margin of nearly 3 to 2 on the NYSE and by more than 5 to 3 on Nasdaq. The broader S&P 500 index slipped 2 points to 1504.
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
Press Release Service provided by PRConnect.
Stock quotes supplied by Six Financial
Postage Rates Bots go here