Concerns about the ongoing European debt crisis weighed the markets down to a lower close with the Dow losing 25 points to 11,231. Nasdaq dropped 18 points to 2441.
On the upside
Pozen (Nasdaq: POZN) sold its U. S. royalty rights for its migraine treatment Treximet to CPPIB Credit Investments for $75 million.
Lloyds Banking Group (NYSE: LYG) announced on Wednesday that discussions to sell 632 of its branches to two potential firms continued.
Motley Fool wrote that Perfect World (Nasdaq: PWRD) fit the bill for a perfect stock.
On the downside
Analysts lowered their earnings estimate and price target for Netflix (Nasdaq: NFLX).
A Motley Fool article said that Tempur-Pedic's (NYSE: TPX) inventory growth outpaced revenue growth over that last 12 month period.
Motley Fool warned that year-over-year revenue fell for Trina Solar (NYSE: TSL) while accounts receivables climbed.
In the broad market, declining issues outpaced advancers by a margin of nearly 5 to 4 on the NYSE and by nearly 5 to 2 on Nasdaq. The Russell 2000 which tracks small cap stocks fell 7 points to 666.
