The Daily Herald Market Index
Markets
Stocks
Mutual Funds & ETF's
Sectors
Tools
Overview
Market News
Market Videos
Currencies
International
Treasury & Bonds
Search InvestCenter
Recent Quotes
My Watchlist
Indicators
Local Stocks
Greek Prepares To Meet With Eurozone Officials, Markets Open Higher
By: MarketMinute.com Market Updates
Posted on August 21, 2012 at 10:43 AM EDT
The markets opened higher with the Dow rising 39 points to 13,311 as Greece prepared to meet with eurozone officials. Nasdaq gained 22 points to 3098.
On the upside
Urban Outfitters (Nasdaq: URBN) reported higher second quarter earnings that beat analyst estimates as revenue rose.
Dex One (NYSE: DEXO) will merge with SuperMedia (Nasdaq: SPMD) to create a new company with an annual revenue of approximately $3.1 billion.
Shares of Qihoo (NYSE: QIHU) rose ahead of its earnings release after market close.
On the downside
Second quarter earnings plunged for Best Buy (NYSE: BBY) to fall far short of analyst expectations as sales slipped prompting the consumer electronics retailer to withdraw its full year outlook. JP Morgan Chase cut its price target on Molycorp (NYSE: MCP) to $8.50 from $11.50.
Barclays Capital downgraded Groupon (Nasdaq: GRPN) to an Underweight rating and slashed its price target from $15.00 to $4.00.
In the broad market, advancing issues outpaced decliners by a margin of nearly 7 to 2 on the NYSE and by more than 5 to 2 on Nasdaq. The Russell 2000 which tracks small cap stocks climbed 7 points to 823.
Related Stocks:
Best Buy Co., Inc. Dex One Corp. Dow Jones Industrial Average Dow Jones Industrial Average (EOD) GROUPON-A Molycorp NYSE COMPOSITE INDX Qihoo 360 Technology SUPERMEDIA Standard & Poors 500 Urban Outfitters, Inc.
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
Privacy Policy and Terms and Conditions.
Press Release Service provided by PRConnect.
Stock quotes supplied by Telekurs USA
Postage Rates Bots go here