Drop In Durable Goods Weighs Down Markets

September 25, 2009 1:49 PM |
Rising oil prices along with a sharp drop in durable goods orders sent the markets down to a lower close with the Dow losing 42 points to 9665. Nasdaq fell 16 points to 2090.

On the upside 

BMO Nesbit Burns analyst Brian Piccioni lifted his price target for Ballard Power Systems(Nasdaq: BLDP).

Frontier Financail (Nasdaq: FTBK) will continue to participate in the Federal Deposit Insurance Corporation's voluntary Transaction Account Guarantee program.

Shares of Cytokinetics (Nasdaq: CYTK) rose on rumors that Amgen (Nasdaq: AMGN) may acquire the company.

On the downside

Shares of Chinese online video game company Shanda Games (Nasdaq: GAME) tumbled on its first day of trading.

Pennsylvania's Department of Environmental Protection ordered Cabot Oil and Gas (Nasdaq: COG) to discontinue its "fracking" drilling process in Susquehanna County.

A disappointingly small gain in new home sales weighed down shares of Ryland Group (NYSE: RYL).

In the broad market, declining issues outpaced advancers by a margin of 5 to 4 on the NYSE and by more than 9 to 7 on Nasdaq. The Russell 2000 which tracks small cap stocks slipped 2 points to 598.

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This page contains a single entry by published on September 25, 2009 1:49 PM.

Markets Down As New Home Sales Rise Less Than Expected was the previous entry in this blog.

Stocks Open Higher Amid Busy Merger Activity is the next entry in this blog.

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