January 11, 2012 at 09:47 AM EST
Germany's Economy Contracts, Markets Open Lower
A contraction of Germany's economy in the fourth quarter weighed the markets down to a lower open with the Dow losing 36 points to 12,425. Nasdaq slipped 2 points to 2700.
On the upside
Crocs (Nasdaq: CROX) expects 2011 revenue to top $1 billion with fourth quarter revenue reaching the high end of its guidance.
Alcatel-Lucent (NYSE: ALU) and Verizon Wireless (NYSE: VZ) demonstrated a new breed of mobile commerce applications that delivers custom coupons directly to the consumer's mobile device at the Consumer Electronics Show.
Reuters reported that Textron (NYSE: TXT) may spin-off some of its businesses.
On the downside
Urban Outfitters (Nasdaq: URBN) chief executive Glen Senk resigned prompting downgrades.
The Mine Safety and Health Administration ordered Hecla Mining (NYSE: HL) to close the Silver Shaft at the Lucky Friday mine in order to remove built-up material. The mining company also cut its 2012 silver production guidance.
Supervalu (NYSE: SVU) widened third quarter losses as food prices climbed and cut its full year revenue outlook.
In the broad market, declining issues outpaced advancers by a margin of more than 2 to 1 on the NYSE and by more than 5 to 3 on Nasdaq. The Russell 2000 which tracks small cap stocks lost 3 points to 761.
Stock Market XML and JSON Data API provided by FinancialContent Services, Inc.
Nasdaq quotes delayed at least 15 minutes, all others at least 20 minutes.
Markets are closed on certain holidays. Stock Market Holiday List
By accessing this page, you agree to the following
Press Release Service provided by PRConnect.
Stock quotes supplied by Telekurs USA
Postage Rates Bots go here