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Mid-Afternoon Market Update: Markets Remain Red; Zynga Drops
12/3/2012 4:11:00 PM
Toward the end of trading Monday, the Dow traded down 0.28 percent to 12,988.46 while the NASDAQ fell 0.20 percent to 3,004.25. The S&P also fell, decreasing 0.28 percent to 1,412.20.
Equities Trading UP
Shares of Supervalu (NYSE: SVU ) rose 12.19 percent to $2.67 after Bloomberg reported that the company's talks with Cerberus had started again.
Advanced Micro Devices (NYSE: AMD ) also saw a boost, rising 6.59 percent to $2.34, continuing its 5 day win streak and raising its gains over the period to 23.5 percent.
Equities Trading DOWN
SunCoke Energy (NYSE: SXC ) was also down, falling 8.55 percent to $14.86 following its form 8k filing on Friday.
Shares of Zynga (NASDAQ: ZNGA ) fell 9.76 percent to $2.22 following a series of negative news ranging from a lawsuit to a contract change with Facebook announced Friday.
Silver traded up 0.43 percent Friday to $33.63.
Over all, European markets were up across the board this morning following the release of manufacturing PMI's, and seemingly ignored the downgrade of the bailout funds.
Markit PMI was also reported, coming in at 52.8, slightly above the projected 52.1 and the previous report of 52.4.
(c) 2012 Benzinga.com. Benzinga does not provide investment advice. All rights reserved.