The markets opened lower with the Dow slipping 28 points to 13,951 over earnings news. Nasdaq lost 6 points to 3165.
On the upside
Shutterfly (Nasdaq: SFLY) reported sharply higher fourth quarter earnings and revenue that surpassed analyst expectations by a wide margin.
Reliance Steel & Aluminum will pay a premium of approximately $766.1 million to acquire Metals USA (NYSE: MUSA).
Goodrich Petroleum (NYSE: GDP) completed its Crosby 12H-1 well in Wilkinson County, Mississippi.
On the downside
Fourth quarter earnings more than doubled for C.H. Robinson Worldwide (Nasdaq: CHRW) due to acquisitions but the results missed expectations.
Elan (NYSE: ELN) swung to a profit for the fourth quarter but the company announced a restructuring of its Tysabri agreement with Biogen.
In the broad market, declining issues outpaced advancers by a margin of more than 7 to 5 on the NYSE and by more than 5 to 3 on Nasdaq. The broader S&P 500 index slipped 2 points to 1509.
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 Telekurs USA
Postage Rates Bots go here