The Commerce Department released that the gross domestic product increased 1.9% in the second-quarter of 2008 -- an improvement of the 0.9% growth in the first quarter but below what economist forecasts of 2.4%. The news pushed the Dow Jones and the S&P 500 down about 1% each, while the Nasdaq traded in positive territory by about 0.5%. The Russell 2000 and the S&P 600 were being dragged down with the sell-off in the Dow Jones with the Russell 2000 was trading at 713.86 and the S&P 600 Small Cap was at 371.71, both down about 1%.
Shares of Zones (ZONS Quote) surged nearly 52% to $8.30 after the board of directors agreed to be acquired by Firoz Lalji, Zone's chairman and CEO, for $8.65 a share.
Shares ofLHC Group (LHCG Quote), one of the largest home-nursing providers, rose sharply by 17% to $27.39 after exceeding analysts' earnings and sales estimates for the second quarter. ...
Recent Comments
| Dow Jones | S&P 500 | NASDAQ | 10-Year Note | |
|---|---|---|---|---|
| 10,308.26 | 1,096.07 | 2,180.05 | 34.87 |
Oil *
73.22
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DOWN
132.86
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DOWN
13.11
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DOWN
26.86
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DOWN
1.09
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10 Yr
3.49%
SPDR Gold
107.34
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-1.27%
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-1.18%
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-1.22%
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-3.03%
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