Stocks Open Lower on Latest Economic Reports

September 25, 2009 6:50 AM |
The markets opened lower as investors mulled over the latest report on durable goods orders which unexpectedly fell in August.   The Dow lost 6 points to 9701 while the tech-laden Nasdaq dropped a steeper 8 points to 2099.

On the upside 

Sporting goods retailer The Finish Line (Nasdaq: FINL) posted lower revenues and a slim quarterly loss.

An analyst upgraded Brunswick Corporation (NYSE: BC).  The company sells recreational boats and exercise equipment.

Unilever offered $1.88 billion to buy several product lines from Sara Lee (NYSE: SLE).

On the downside

Shares of Research in Motion (Nasdaq: RIMM) fell sharply after the maker of the popular Blackberry mobile devices posted higher revenues and earnings, but offered a cautious outlook.

Hewlett Packard (NYSE: HPQ) offered a 2010 forecast with revenue targets that were slightly lower and earnings that were higher.

Pennsylvania-based Metro Bancorp (Nasdaq: METR) offered 6.2 milion shares at $12 apiece.

In the broad market, declining issues outpaced advancers by a margin of 5 to 4 on both the NYSE and Nasdaq. The Russell 2000 which tracks small cap stocks lost a fraction to 601.

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This page contains a single entry by published on September 25, 2009 6:50 AM.

Disappointing Drop In Home Sales Weighs Down Markets was the previous entry in this blog.

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

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