Lower open as Greek talks delayed

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A delay to formal Greek bailout discussions weighed the markets down to a lower open with the Dow falling 46 points to 17,685. Nasdaq lost 11 points to 5,135.

On the upside

Amazon (Nasdaq: AMZN) swung to an unexpected profit for the second quarter as revenue rose and forecast current quarter revenue ahead of estimates.

Pandora Media (NYSE: P) reported a smaller than expected loss for the second quarter as revenue rose and the company forecast current quarter and full year revenue above expectations.
 
Mieji Yasuda Life Insurance will pay a premium of approximately $5 billion to acquire StanCorp Financial (NYSE: SFG).
 
On the downside

The Food and Drug Administration will not support a New Drug Application for Sunesis Pharmaceuticals' (Nasdaq: SNSS) vosaroxin to treat acute myeloid leukemia.

Spectranetics (Nasdaq: SPNC) widened losses for the second quarter and lowered its full year revenue forecast.

TrueCar (Nasdaq: TRUE) warned of losses for the second quarter and cut its full year revenue outlook prompting downgrades.

In the broad market, declining issues outpaced advancers by a margin of 5 to 3 on the NYSE and by nearly 3 to 2 on Nasdaq. The broader S&P 500 lost 6 points to 2095. Bitcoin rose $6 to $281.

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This page contains a single entry by published on July 24, 2015 6:46 AM.

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