Disappointing earnings weighed the markets down to a lower open with the Dow falling 74 points to 14,436. Nasdaq dropped 23 points to 3230.
On the upside
ACADIA Pharmaceuticals (Nasdaq: ACAD) reported upbeat results from a Phase III-020 study of its Parkinson's disease psychosis treatment pimavanserin.
Raymond James upgraded Weatherford International (NYSE: WFT) to an Outperform rating.
Supervalu (NYSE: SVU) completed the sale of its Albertsons, Acme, Jewel-Osco, Shaw's and Star Market stores to AB Acquisition in a stock deal valued at approximately $3.3 billion.
On the downside
Oracle (Nasdaq: ORCL) disappointed with flat third quarter earnings as revenue fell to miss analyst expectations.
Ballard Power Systems (Nasdaq: BLDP) priced its offering of 7.275 units at the discounted price of $1.10 per unit.
Jabil Circuit (NYSE: JBL) reported lower second quarter earnings that fell short of expectations.
In the broad market, declining issues outpaced advancers by a margin of more than 9 to 7 on the NYSE and by more than 5 to 3 on Nasdaq. The broader S&P 500 index fell 9 points to 1549.
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