Markets Extend Losses Over Weak Job Growth


The markets extended its losses during the midday with the Dow plunging 129 points 12,678 over concerns of weak job growth. Nasdaq plummeted 31 points to 2810.

On the upside

Glu Mobile (Nasdaq: GLUU) narrowed first quarter losses more than expected and forecast second quarter results ahead of estimates.

ConAgra Foods (NYSE: CAG) increased its acquisition offer for Ralcorp Holdings (NYSE: RAH) to $4.9 billion.

First quarter income for ValueClick (Nasdaq: VCLK) slipped but the results surpassed analyst expectations prompting an upgrade.

On the downside

OpenTable (Nasdaq: OPEN) reported higher first quarter earnings and announced the departure of chief executive officer Jeffrey Jordan. 

Century Aluminum (Nasdaq: CENX) reported higher first quarter earnings but the results fell short of analyst expectations.

Brigham Exploration (NYSE: BEXP) disappointed with sharply lower first quarter earnings.

In the broad market, declining issues outpaced advancers by a margin of nearly 7 to 2 on both the NYSE and on Nasdaq. The Russell 2000 which tracks small cap stocks tumbled 14 points to 829.

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This page contains a single entry by published on May 4, 2011 9:56 AM.

Service Sector Index Drops, Markets Open Lower was the previous entry in this blog.

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