Korean Conflict Sends Markets Sharply Lower

The markets closed sharply lower with the Dow plummeting 142 points to 11,036 amidst escalating tension between North and South Korea. Nasdaq plunged 37 points to 2494.

On the upside

Seeking Alpha contributor Bespoke Investment Group named SodaStream International (Nasdaq: SODA) as one of the most successful IPOs in 2010.

Buckingham Research upgraded Big Lots (NYSE: BIG) to a Buy rating.

Speculation that billionaire Carlos Slim was increasing his stake in New York Times (NYSE: NYT) lifted shares of the media company.

On the downside

Standard Pacific (NYSE: SPF) commenced a tender offer for all senior subordinated notes due in 2012, 2014 and 2015.

Zale (NYSE: ZLC) widened first quarter losses more than expected as sales slipped.

Radio One (Nasdaq: ROIA) regained compliance with NASDAQ's minimum price listing requirements but the stock price dropped.

In the broad market, declining issues outpaced advancers by a margin of more than 3 to 1 on the NYSE and by 3 to 1 on Nasdaq. The Russell 2000 which tracks small cap stocks dropped 7 points to 719.

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