|
Moody's Revised Germany's Aaa Rating, Markets Open Lower
Posted on July 24, 2012 at 10:46 AM EDT
Germany's Aaa credit rating was cut to Negative from Stable by Moody's sending the markets down to a lower open with the Dow dropping 54 points to 12,666. Nasdaq lost 7 points to 2882.
On the upside Second quarter earnings surged for Baidu (Nasdaq: BIDU) to beat analyst expectations as revenue soared. Under Armour (NYSE: UA) reported higher second quarter earnings and revenue prompting the athletic apparel maker to lift its full year revenue outlook. On the downside Alzheimer's disease treatment bapineuzumab developed by Pfizer (NYSE: PFE), Johnson & Johnson (NYSE: JNJ) and Elan (NYSE: ELN) failed a late stage clinical trial. Gentex (Nasdaq: GNTX) reported higher second quarter earnings and revenue but the results fell short of analyst expectations. DeVry (NYSE: DV) warned that fourth quarter results will miss expectations by a wide margin and announced the elimination of 570 positions prompting a downgrade. In the broad market, declining issues outpaced advancers by a margin of nearly 3 to 2 on the NYSE and on by more than 7 to 5 Nasdaq. The Russell 2000 which tracks small cap stocks lost 2 points to 776.
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 Telekurs USA Postage Rates Bots go here |
