U.S Markets Fall in Early Session (DVN, BA, INTC, KO, UTX, YHOO, MW, BBBY, SNV)
U.S Markets in Early Session .
(EMAILWIRE.COM, March 11, 2010 ) Dallas, Tx - Stocks dipped in early trading after China reported a sharp jump in inflation. Mixed U.S. economic news also held the market back.
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The Dow Jones Industrial Average fell 37 points to 10530 the Standard & Poor's 500 declined 4 points to 1141 and the Nasdaq Composite Index fell 4 points to 2355.
Devon Energy Corporation (NYSE:DVN) rose 1% to $72.41 after the company announced that that it has entered into agreements to sell all of its assets in the deepwater Gulf of Mexico, Azerbaijan, and Brazil to BP (NYSE:BP) for $7.0 billion.
The Boeing Company (NYSE:BA) trading almost flat after it announced that it has completed initial airworthiness testing on the 747-8 Freighter, allowing the remaining two 747-8 Freighter test airplanes to begin flight test.
Intel Corporation (NASDAQ:INTC) fell 0.71% to $21.04 in line with the market correction.
The Coca-Cola Company (NYSE:KO) also fell about 1% to $53.24. So far this year, the stock has fallen over 6.50%.
United Technologies Corporation (NYSE:UTX) fell 0.20% to $7 after it said late yesterday that its board authorized buying back up to 60 million shares of the company's common stock. The program, worth up to $4.3 billion at current prices, replaces a previous one that was near completion.
Yahoo! Inc. (NASDAQ:YHOO) is the biggest tech laggard and fell 1.13% to $16.60 after Benchmark downgraded its share to “Hold” from “Buy” with a target price of $18.
The Men's Wearhouse, Inc. (NYSE:MW) fell 4.25% to $23.78 after Retailer Men’s Wearhouse moved to a loss in its fiscal fourth quarter as clothing sales and tuxedo rentals fell from the year before, the company said on Wednesday.
Bed Bath & Beyond Inc. (NASDAQ:BBBY) fell 2.35% to $40.69 after the home-furnishings retailer was cut to underperform from market perform by FBR Capital Markets.
Synovus Financial Corp. (NYSE:SNV) jumped 8.30% to $3.14 after its Board of Directors has declared a dividend of $0.01 per share on the company’s common stock. The dividend will be payable on April 1, 2010 to shareholders of record as of March 18, 2010.
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The Dow Jones Industrial Average fell 37 points to 10530 the Standard & Poor's 500 declined 4 points to 1141 and the Nasdaq Composite Index fell 4 points to 2355.
Devon Energy Corporation (NYSE:DVN) rose 1% to $72.41 after the company announced that that it has entered into agreements to sell all of its assets in the deepwater Gulf of Mexico, Azerbaijan, and Brazil to BP (NYSE:BP) for $7.0 billion.
The Boeing Company (NYSE:BA) trading almost flat after it announced that it has completed initial airworthiness testing on the 747-8 Freighter, allowing the remaining two 747-8 Freighter test airplanes to begin flight test.
Intel Corporation (NASDAQ:INTC) fell 0.71% to $21.04 in line with the market correction.
The Coca-Cola Company (NYSE:KO) also fell about 1% to $53.24. So far this year, the stock has fallen over 6.50%.
United Technologies Corporation (NYSE:UTX) fell 0.20% to $7 after it said late yesterday that its board authorized buying back up to 60 million shares of the company's common stock. The program, worth up to $4.3 billion at current prices, replaces a previous one that was near completion.
Yahoo! Inc. (NASDAQ:YHOO) is the biggest tech laggard and fell 1.13% to $16.60 after Benchmark downgraded its share to “Hold” from “Buy” with a target price of $18.
The Men's Wearhouse, Inc. (NYSE:MW) fell 4.25% to $23.78 after Retailer Men’s Wearhouse moved to a loss in its fiscal fourth quarter as clothing sales and tuxedo rentals fell from the year before, the company said on Wednesday.
Bed Bath & Beyond Inc. (NASDAQ:BBBY) fell 2.35% to $40.69 after the home-furnishings retailer was cut to underperform from market perform by FBR Capital Markets.
Synovus Financial Corp. (NYSE:SNV) jumped 8.30% to $3.14 after its Board of Directors has declared a dividend of $0.01 per share on the company’s common stock. The dividend will be payable on April 1, 2010 to shareholders of record as of March 18, 2010.
ABOUT http://www.Pennystockmoneytrain.com
The website provide stock market news to investors seeking information on hot stocks, penny stocks , top gainers and other stocks of the day. We provide daily stock newsletter to help investors stay ahead in the market. To feature your company on our website you can contact us at the email given below.
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Press release service and press release distribution by EmailWire.Com for public traded companies on NASDAQ, NYSE, AMEX, OTC, TMX, CNSX and Pink Sheets Stock Exchanges - http://www.emailwire.com/press_release_service_otc_pink_sheets.php
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MoneyTrain.com
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Tel: 214 556 6798
Email us
This is a press release. Press release distribution and press release services by EmailWire.Com: http://www.emailwire.com/us-press-release-distribution.php.
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