Markets mixed as Greek default nears

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The markets traded mixed during the midday with Dow falling 66 points to 17,968 over mixed earnings and increasing concerns that Greece will default. Nasdaq gained 22 points to 5,017.

On the upside

Shares of Voltari (Nasdaq: VLTC) continued soaring three weeks after activist investor Carl Icahn increased his stake in the company to 52.3%.

First quarter earnings slipped for Tile Shop Holdings (Nasdaq: TTS) but revenue rose to top estimates.

Rambus (Nasdaq: RMBS) reported higher first quarter earnings that beat analyst expectations.

On the downside

Ultra Clean Holdings (Nasdaq: UCTT) disappointed with lower first quarter earnings and revenue and forecast current quarter results below expectations prompting downgrades.

Sanmina (Nasdaq: SANM) reported lower second quarter earnings that fell short of expectations and forecast current quarter results that missed estimates.

Packaging Corporation of America (NYSE: PKG) reported flat first quarter earnings and revenue.
 
In the broad market, declining issues barely edged out advancers by a slim margin on both the NYSE while advancers outpaced decliners by nearly 10 to 9 on Nasdaq. The broader S&P 500 slipped a point to 2099. Bitcoin edged up to $223.

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This page contains a single entry by published on April 21, 2015 9:33 AM.

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