JP Morgan Disappoints, Markets Open Lower

January 15, 2010 6:40 AM | | TrackBacks (0)
Disappointing earnings from JP Morgan weighed the markets down to a lower open with the Dow plunging 105 points to 10,604. Nasdaq tumbled 21 points to 2295.

 

On the upside

Shiseido will acquire Bare Escentuals (Nasdaq: BARE) in a deal valued at approximately $1.7 billion.

Sequenom (Nasdaq: SQNM) agreed to settle securities class action lawsuits by paying $14 million, issuing stock and implementing changes to its corporate governance policies.

Hersha Hospitality Trust (NYSE: HT) priced its offering of 45 million common shares at $3 per share.

On the downside

Majesco Entertainment (Nasdaq: COOL) disappointed with a fourth quarter loss.

GenVec (Nasdaq: GNVC) reported 184 deaths in a Phase III clinical trial of its pancreatic cancer treatment TNFerade.

Yingli Green Energy (NYSE: YGE) received approval to build the first national level photovoltaic technology laboratory in Baoding, China.

In the broad market, declining issues outpaced advancers by a margin of nearly 5 to 2 on the NYSE and by 5 to 3 on Nasdaq. The Russell 2000 which tracks small cap stocks lost 3 points to 642.

Tags:

0 TrackBacks

Listed below are links to blogs that reference this entry: JP Morgan Disappoints, Markets Open Lower.

TrackBack URL for this entry: http://blog.marketminute.com/cgi-bin/mt/mt-tb.cgi/6188

Search


About this Entry

This page contains a single entry by published on January 15, 2010 6:40 AM.

Gain In Business Inventories Lifts Markets To Higher Close was the previous entry in this blog.

Markets Tumble Over JP Morgan's Soaring Loan Loss Provisions is the next entry in this blog.

Find recent content on the main index or look in the archives to find all content.

Powered by Movable Type 4.23-en