Today Stock Market Market Updates

Today Stock Market Market Updates

The markets trimmed its losses but still closed lower over a disappointingly high number of job losses in July. The Dow lost 21 points to 10,653 while Nasdaq slipped 4 points to 2288.

The markets trimmed its losses but still closed lower over a disappointingly high number of job losses in July. The Dow lost 21 points to 10,653 while Nasdaq slipped 4 points to 2288.

On the upside

Second quarter earnings for Radiant Systems (RADS) nearly doubled to top analyst estimates as revenue climbed prompting the company to lift its full year outlook.

PerkinElmer (PKI) reported higher second quarter earnings that more than doubled to beat expectations and the company raised its guidance for 2010.

Second quarter earnings surged for Sotheby's (BID) to surpass analyst estimates by a wide margin as revenue soared.

On the downside

PharMerica (PMC) disappointed with sharply lower second quarter earnings.

UBS analyst Amitabh Passi said that Jabil Circuit's (JBL) management team has adopted a more cautious view of the upcoming quarter.

Kendall Law Group is investigating Grand Canyon Education (LOPE) for possible breaches of fiduciary duties by company directors and executives.

In the broad market, declining issues outpaced advancers by a margin of nearly 5 to 4 on the NYSE and by more than 7 to 5 on Nasdaq. The Russell 2000 which tracks small cap stocks lost 4 points to 650.


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MarketMinute Market Updates