Markets Tumble As Gasoline Prices Rise

October 23, 2009 1:42 PM |
Rising gasoline prices along with cautious outlooks sent the markets tumbling to a lower close with the Dow dropping 109 points to 9972. Nasdaq fell 10 points to 2154.

On the upside

Grubb & Ellis (NYSE: GBE) entered a $90 million preferred equity transaction agreement.

Leggett & Platt (NYSE: LEG) reported higher third quarter earnings even as revenue dropped and lifted its full year outlook.

While Align Technology (Nasdaq: CPWR) reported a third quarter loss due to a patent lawsuit costs, the results beat expectations.

On the downside

Columbia Laboratories (Nasdaq: CBRX) will raise approximately $11.8 million through the sale of common stock and warrants.

Dynavax Technologies (Nasdaq: DVAX) widened third quarter losses as revenue plunged.

Third quarter earnings plunged for Interactive Brokers Group (Nasdaq: IBKR) to fall short of expectations as revenue plummeted by nearly half.

In the broad market, declining issues outpaced advancers by a margin of more than 3 to 1 on both the NYSE and on Nasdaq. The Russell 2000 which tracks small cap stocks plunged 12 points to 604

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This page contains a single entry by published on October 23, 2009 1:42 PM.

Cautious Outlooks Weigh On Investors was the previous entry in this blog.

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