Weak earnings weigh down markets

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Weak earnings weighed the markets down to sharply lower close with the Dow plunging 181 points to 17,919. Nasdaq lost 10 points to 5,208.

On the upside

Bloomberg reported that St. Jude Medical (NYSE: STJ) was interested in buying Thoratec (Nasdaq: THOR).

SunCoke Energy (NYSE: SXC) reported sharply higher second quarter earnings and increased its quarterly cash distribution.
 
Fourth quarter earnings and revenue rose for Neogen (Nasdaq: NEOG).
 
On the downside

The Federal Trade Commission said that LifeLock (NYSE: LOCK) violated terms of a 2010 settlement.

Chesapeake Energy (NYSE: CHK) suspended its dividend payments.

Badger Meter (NYSE: BMI) reported lower second quarter earnings that fell short of expectations prompting a downgrade.

In the broad market, declining issues outpaced advancers by a margin of nearly 3 to 2 on the NYSE and by 7 to 5 on Nasdaq. The broader S&P 500 fell 9 points to 2119. Bitcoin added $1 to $276.

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This page contains a single entry by published on July 21, 2015 1:56 PM.

Losses extended as earnings disappoint was the previous entry in this blog.

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