Breaking News Bar

Business News and Information

Resignation Of ECB Board Member Sends Markets Tumbling

The resignation of European Central Bank Executive Board Member Juergen Stark sent the markets tumbling to a sharply lower open with the Dow plummeting 134 points to 11,161. Nasdaq fell 11 poRints to 2518.

On the upside

Ulta Salon (Nasdaq: ULTA) reported higher second quarter earnings and revenue that topped analyst expectations and forecast current quarter results ahead of estimates.

Swift Transportation (NYSE: SWFT) will provide a mid-quarter update through a conference call on Monday, September 12, 2011.

Marvell Technology (Nasdaq: MRVL) will present its high-definition ARMADA Systems-on-Chips family of media processors at the IBC 2011 being held from September 9-13 in Amsterdam.


On the downside

VeriSign (Nasdaq: VRSN) announced the resignation of chief financial officer Brian Robins.

Lululemon Athletica (NYSE: LULU) reported higher second quarter earnings that topped analyst estimates but the athletic apparel company forecast disappointing third quarter results.

Kroger (Nasdaq: MW) reported higher second quarter earnings and revenue but the grocery store chain warned that rising expenses will impact results.

In the broad market, declining issues outpaced advancers by a margin of more than 4 to 1 on the NYSE and by more than 5 to 2 on Nasdaq. The Russell 2000 which tracks small cap stocks tumbled 6 points to 688.
Data & News supplied by www.cloudquote.io
Stock quotes supplied by Barchart
Quotes delayed at least 20 minutes.
By accessing this page, you agree to the following
Privacy Policy and Terms and Conditions.
 
bottom clear