Eurozone Falls Into Recession, Markets Drop
Posted on November 15, 2012 at 12:53 PM EST
The Eurozone fell back into a recession in the third quarter to weigh the markets down during the midday with the Dow losing 51 points to 12,519. Nasdaq slipped 14 points to 2831.
On the upside
Shares of China Auto Logistics (NYSE: CALI) continued climbing after reporting sharply higher third quarter revenue yesterday.
AcelRx Pharmaceuticals (Nasdaq: ACRX) reported positive results from a Phase 3 trial of its investigational sublingual Sufentanil NanoTab PCA System. On the downside
Tranzyme (Nasdaq: TZYM) reported that its stomach paralysis treatment TZP-102 failed a midstage clinical trial.
Safe Bulkers (NYSE: SB) reported higher third quarter earnings and revenue but the drybulk transportations services provider cut its quarterly dividend.
Representative Mike Rogers said that OSI Systems (Nasdaq: OSIS) may have falsified test data for its passenger scanning machines.
In the broad market, declining issues outpaced advancers by a margin of nearly 7 to 2 on the NYSE and by nearly 2 to 1 on Nasdaq. The Russell 2000 which tracks small cap stocks fell 7 points to 765.
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 Telekurs USA
Postage Rates Bots go here