Markets Plummet As Protests Turn Violent In Greece

Violent protests against austerity measures rocked Greece to send domestic markets tumbling to a sharply lower close with the Dow plunging 178 points to 11,897. Nasdaq plummeted 47 points to 2631.

On the upside

Stein Mart (Nasdaq: SMRT) will repurchase an additional 2.5 million common shares.

NF Energy Saving (Nasdaq: NFEC) will hold its annual shareholder meeting on Monday, June 27, 2011 in Shenyang, China.

Fourth quarter earnings more than doubled for Korn/Ferry International (NYSE: KFY) to surpass analyst expectations as revenue rose.

On the downside

The Food and Drug Administration provided guidance to Cell Therapeutics (Nasdaq: CTIC) about resubmitting the company's new drug application for its non-Hodgkins lymphoma treatment pixantrone.

The Wall Street Journal reported that Sina (Nasdaq: SINA) chief executive defended a plan for insiders to sell shares of the company.

Retreating copper prices weighed down shares of Freeport-McMoRan Copper & Gold (NYSE: FCX).

In the broad market, declining issues outpaced advancers by a margin of nearly 5 to 1 on the NYSE and by nearly 4 to 1 on Nasdaq. The Russell 2000 which tracks small cap stocks tumbled 14 points to 779.
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