Potential Greece Default Weighs Markets Down

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Continued concerns of a potential default by Greece weighed the markets down to a lower close with the Dow falling 25 points 12,356. Nasdaq lost 12 points to 2746.

On the upside

Level 3 Communications (Nasdaq: LVLT) launched its Wholesale Partner Program yesterday that enables wholesale carriers to more effectively utilize Level 3's network and services.

A Seeking Alpha article listed Tele Norte Leste Participacoes (NYSE: TNE) as a top undervalued stock.

Rising silver prices lifted shares of Endeavor Silver (NYSE: EXK).

On the downside

Intel (Nasdaq: INTC) launched its AppUp Small Business Service offering the Intel Hybrid Cloud platform to small businesses but the stock price fell. 

General Electric (NYSE: GE) partnered with the Massachusetts Institute of Technology to develop next generation medical imaging systems but the stock price slipped.

The Los Angeles Times reported that Gap (NYSE: GPS) will open Athleta stores at the Grove in Los Angeles and at Fashion Island in Newport Beach.

In the broad market, declining issues outpaced advancers by a slim margin on the NYSE and by more than 3 to 2 on Nasdaq. The Russell 2000 which tracks small cap stocks slipped 3 points to 810.


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This page contains a single entry by published on May 24, 2011 1:34 PM.

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