-NYSE down 122.40 (-1.4%) to 8,428.09
-DJIA down 130.33 (-1%) to 12,630.03
-S&P 500 down 15.08 (-1.1%) to 1,342.08
-Nasdaq down 26.83 (-0.9%) to 2,845.06
GLOBAL SENTIMENT
Nikkei up 0.5%.
Hang Seng down 0.2%.
Shanghai Composite down 0.2%.
FTSE-100 up 0.1%.
UPSIDE MOVERS
(+) M beats with earnings, hikes dividend, raises guidance.
(+) TISA reports improved earnings.
(+) JNJ upgraded.
(+) LVS initiated with Buy rating.
(+) ALTI inks contract.
(+) TYPE added to S&P 600 SmallCap.
(+) ASTC inks contract.
(+) HALO inks licensing pact.
(+) CHOP guides for beat.
(+) AIG sets share offering through Treasury Dept.
DOWNSIDE MOVERS
(-) NTAP upgraded.
(-) CS upgraded.
(-) IRM initiated with Overweight rating.
(-) GIVN reports positive results from European study.
(-) NTAP upgraded.
(-) DIS misses with results.
(-) YGE cuts margin, shipment guidance.
(-) HBC details cost-cutting.
(-) STWD selling shares.
(-) MYRX reports narrower loss vs year earlier.
MARKET DIRECTION
Stock averages end sharply lower, in the bottom end of the
session's range, and snapping a three-day rally. Weaker commodities
sapped early strength in the stock market as did concerns for Chinese
inflation and Greek debt. Blue chip Disney (DIS) fell after
disappointing results.
Commodities ended trading lower as crude oil futures faltered on
concerns over rising inventories and a Chinese interest rate hike, and
gold slumped on a stronger greenback.
Light, sweet crude for June delivery finished down 5.5% to $98.21 a
barrel. In other energy futures, heating oil was down 2.8% to $2.91 a
gallon while natural gas was down 0.64% to at $4.21 per million British
thermal units.
Meanwhile, gold futures ended lower as the dollar strengthened against foreign currencies.
Gold for June delivery finished down 1% to $1,501.40 an ounce. In
other metal futures, silver settles down 7.7% to $35.52 a troy ounce
while copper traded up 0.62% to $4.04.
The U.S. dollar index (DXY) is up 1.01% to $75.37.
Walt Disney Co. (DIS) fell after reporting Q2 EPS of $0.49, up from
$0.48 per share in the prior year quarter. Revenue was $9.07 billion,
up from $8.58 billion.