Jobless claims fell more than expected last week but sluggish economic growth in Europe weighed the markets down to a lower open with the Dow slipping 8 points to 13,974. Nasdaq lost 6 points to 3190.
On the upside
Berkshire Hathaway and 3G Capital will pay a premium of approximately $23.2 billion in cash to acquire H. J. Heinz (HNZ).
Anheuser-Busch InBev responded to a Justice Department lawsuit by revising its $20.1 billion acquisition offer for Grupo Modelo. Approval of the new plan could clear the way for Constellation Brands (STZ) to acquire the 50% stake of Crown Imports that Anheuser-Busch InBev owns.
Artio Global Investors (ART) fell to a loss for the fourth quarter but the results were better than expected.
On the downside
ARMOUR Residential REIT (ARR) priced its public offering of 65 million common shares.
CenturyLink (CTL) reported higher fourth quarter earnings but the results fell short of analyst expectations and the telecommunications company cut its quarterly dividend from $0.725 per share to $0.54 per share. Shares of rivals Frontier Communications (FTR) and Windstream (WIN) also fell.
Whole Foods Market (WFM) reported higher first quarter earnings and revenue but lowered its full year sales guidance.
In the broad market, declining issues outpaced advancers by a margin of 7 to 5 on the NYSE and by nearly 5 to 4 on Nasdaq. The broader S&P 500 index eased a point to 1518.
|Thu, May 23, 2013|
|05:35 PM||Modestly Lower Close Despite Nikkei Drop|
|01:45 PM||Markets Pare Losses On Rising On Home Sales|
|10:41 AM||Lower Open As Chinese Factory Activity Drops|
|Wed, May 22, 2013|
|07:07 PM||Sharply Lower Close On Disappointing Earnings|
|03:07 PM||Markets Retreat To Trade Mixed|
|10:42 AM||Fed To Continue Stimulus Program, Markets Soar|
|Tue, May 21, 2013|
|06:26 PM||Dow Rises To Another Record|
|01:34 PM||Markets Advance Ahead Of Bernanke Testimony|
|10:43 AM||Mixed Open Ahead Of Apple's Testimony|
|Mon, May 20, 2013|
|06:07 PM||Investors Lock In Profits|
|03:00 PM||Profit Taking Weighs Down Markets|
|10:42 AM||Mixed Open After Records Last Week|
|Fri, May 17, 2013|
|06:22 PM||Records For Fourth Consecutive Week|
|03:02 PM||Markets Rise As Consumer Sentiment Climbs|
|10:42 AM||High Open As Consumer Sentiment Climbs|
|Thu, May 16, 2013|
|06:29 PM||Economic Data Weighs Down Markets|
|02:20 PM||Markets Rise On Upbeat Earnings|
|10:42 AM||Mixed Open As Jobless Claims Rise|
|Wed, May 15, 2013|
|06:43 PM||Record Dow Close Again|
|01:23 PM||Rise In Homebuilder Confidence Lifts Markets|
|11:30 AM||Lower Open As Factory Output Drops|
|Tue, May 14, 2013|
|06:27 PM||Another Dow Record As Investor Confidence Grows|
|01:03 PM||Investor Optimism Lifts Markets|
|10:42 AM||Higher Open On Lower Import Prices|
|Mon, May 13, 2013|
|06:07 PM||Mixed Close Over Stimulus Concerns|
|01:34 PM||Markets Mixed As Retail Sales Rise|
|10:43 AM||Stimulus May End, Markets Open Lower|
|Fri, May 10, 2013|
|06:31 PM||Another Winning Week|
|02:06 PM||Mixed Markets As Investors Monitor Global Developments|
|11:33 AM||Mixed Open After Record Week|
|More News From MarketMinute.com Market Updates|