Join        Login             Stock Quote
Top News :  

Closing Update: Stocks Lower for Session, Week as Jobs Data Revive Economic Worries
By: Midnight Trader   Thursday, July 2, 2009 6:00 PM

NRG Energy (nrg) shares slip after Exelon (exc) boosted its hostile buyout offer for the electricity generator by 12%.EXC said it would exchange 0.545 shares of its own stock for every NRG share, up from 0.485 shares per NRG share. NRG told shareholders not to act on the offer yet as its Board considers the revised offer.

Tech shares broadly declined. Cisco (csco) fell even as Deutsche Bank started coverage on the stock with a Buy rating. Xilinx (XLNX) shares are soft after the company says it expects June quarter sales to be down about 5% sequentially, worse than prior guidance for down 4% to up 4% sequentially.

Retailers were down after Rite Aid (rad) slid on a 0.6% drop in June same-store sales. Walgreens (wag) was a touch softer after the company said same-store sales rose 3.4% in June.

August crude futures closed down $2.58, or 3.7%, to $66.73 a barrel, the lowest price in a month. The contract hit an intraday low of $66.54 in the wake of deeper-than-expected job losses for June, which may reflect weakening consumer demand for energy going forward. Futures lost 3% this week and posted the third straight weekly loss.

NYSE down 177.3 (2.9%) to 5,776.76.

-DJIA down 223.3 (2.6%) to 8,281.

-S&P 500 down 26.8 (2.9%) to 896.54.

-Nasdaq down 49 (2.7%) to 1,797.


Hang Seng down 1.09%

Nikkei down 0.64%

FTSE down 2.34%


(+) ELN confirms deal with J&J (JNJ).

(+) IPCR gains on hopes for bidding war.

(+) MESA gains as appeals court rules in favor of company in Delta (DAL) deal.

(+) FCSX to merge with IAAC.

(+) CAL gets analyst upgrade.

(+) HRSH to be bought by CEO for $0.31 per share cash.

(+) GST sells Australian assets for $240 mln.

(+) ESLR gets upgrade.

(+) ACUR gets complete response letter for Acurox NDA.


(-) XLNX sees June quarter sales down sequentially.

(-) TIVO comments on contempt order stay granted EchoStar.

(-) RAD says June same-store sales down 0.6%.

(-) WAG says June same-store sales up 3.4%.

(-) MANH lowered Q2 earnings outlook.

(-) CSCO declines with broader market; Deutsche Bank starts coverage at Buy.

(-) ILMN continues evening decline that followed revenue warning.

<< Previous Page  1

Comments Closed


Related Press Releases
Popular Articles
Recent Articles by Midnight Trader

Subscribe to Email Alerts rss feed or RSS feeds rss feed for articles from more than 800 contributors and press releases, SEC filings and full text news from thousands of sources.

Fundamental data is provided by Zacks Investment Research, and Commentary, news and Press Releases provided by YellowBrix and Quotemedia.
All information provided "as is" for informational purposes only, not intended for trading purposes or advice. iStockAnalyst.com is not an investment adviser and does not provide, endorse or review any information or data contained herein.
The blog articles are opinions by respective blogger. By using this site you are agreeing to terms and conditions posted on respective bloggers' website.
The postings/comments on the site may or may not be from reliable sources. Neither iStockAnalyst nor any of its independent providers is liable for any informational errors, incompleteness, or delays, or for any actions taken in reliance on information contained herein. You are solely responsible for the investment decisions made by you and the consequences resulting therefrom. By accessing the iStockAnalyst.com site, you agree not to redistribute the information found therein.
The sector scan is based on 15-30 minutes delayed data. The Pattern scan is based on EOD data.