The markets closed flat with the Dow slipping 9 points to 13,973 as investors weighed corporate merger and acquisition news against slowing growth in Europe. Nasdaq added a point to 3198.
On the upside
GNC Holdings (GNC) reported higher fourth quarter earnings that beat expectations and forecast 2013 earnings ahead of estimates.
Fourth quarter earnings for ValueClick (VCLK) climbed to surpass analyst expectations and the company forecast current quarter earnings above estimates.
UBS analyst Brent Thill upgraded ServiceNow (NOW) to a Buy rating and lifted his price target to $36 from $30.
On the downside
Nanosphere (NSPH) reported a loss for the fourth quarter and cut its projected enteric pathogens panels placements in the first quarter.
Encana (ECA) posted a fourth quarter loss and said that its search for a new chief executive may take as long as three to six months.
The Food and Drug Administration expanded an import ban to include three Hospira (HSP) intravenous pumps manufactured in Costa Rica.
In the broad market, declining issues were on par with advancers on the NYSE while advancers edged out decliners by a margin of more than 10 to 9 on Nasdaq. The broader S&P 500 index added a point to 1521.
|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|
|Thu, May 09, 2013|
|06:01 PM||Markets Retreat From Record Highs|
|03:13 PM||Markets Rise As Jobless Claims Drop|
|10:42 AM||Markets Retreat After Yesterday's Record Close|
|Wed, May 08, 2013|
|06:08 PM||Upbeat Earnings Boost Markets To Another Record|
|01:46 PM||Dow Advances Further Into Record Territory|
|10:42 AM||Mixed Open After Record Close Yesterday|
|Tue, May 07, 2013|
|06:21 PM||Record Day For Dow, S&P 500|
|01:35 PM||Dow Tops 15,000|
|10:43 AM||Mixed Open As Investors Monitor Earnings|
|Mon, May 06, 2013|
|05:26 PM||S&P 500 Sets New Record, Dow Slips|
|02:05 PM||Banks Settle Lawsuits, Market Advance|
|11:35 AM||Mixed Open After Record Week|
|More News From MarketMinute.com Market Updates|