Markets slip ahead of earnings

The markets retreated in late afternoon trading to close modestly lower with the Dow slipping 5 points to 17,875 ahead of the beginning of earnings season tomorrow.  Nasdaq lost 7 points to 4,910.

On the upside

Chimera Investment (NYSE: CIM) completed its one-for-five reverse stock split.

Climbing crude oil prices lifted shares of PostRock Energy (Nasdaq: PSTR).

Rumors circulated that Twitter (NYSE: TWTR) may be acquired.

On the downside

UBS downgraded Evercore Partners (NYSE: EVR) from a Buy rating to a Neutral rating.

24/7 Wall St. noted that Credit Suisse selected Micron Technology (Nasdaq: MU) as one of its top technology stocks but the stock price fell.
Investors locked in profits on Halliburton (NYSE: HAL).

In the broad market, declining issues outpaced advancers by a margin of 5 to 4 on the NYSE and by nearly 5 to 4 on Nasdaq. The broader S&P 500 lost 4 points to 2076. Bitcoin eased a fraction to $252.

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This page contains a single entry by published on April 7, 2015 1:34 PM.

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