Stocks closed lower today, one day after a strong rally thanks to comments from Fed Chairman Ben Bernanke. When asked earlier today about the potential for another round of asset purchases, Bernanke told ABC News that the Fed keeps all options available and needs to prepare for how the U.S. economy evolves.
U.S. consumer confidence dipped in March, but was in line with estimates. Meanwhile, inflation expectations rose to the highest in 10 months.
All the major indices finished the day negative with the Dow down 43 points, the Nasdaq down 2 points and the S&P 500 down 4 points.
After Hours Stocks to Watch
Sealy Corporation (NYSE:ZZ) is up 15.96% in after hours trading at $2.18. ZZ has traded 37 thousand shares in after hours trading. Sealy Corporation posted an unexpected first quarter profit with net income rising $1.2 million or $0.01 per share, from a loss of $902,000 or $0.01 per share last year. The company has a market cap of 189.72 million.
Robbins & Myers, Inc. (NYSE:RBN) is up 7.35% in after hours trading at $49.20. RBN has traded 46 thousand shares so far in after hours trading. Robbins & Myers posted second quarter results this afternoon. EPS beat estimates by $0.10 per share, and the company also beat revenue estimates. EPS came in at $0.84 per share with revenue of $255.9 million. The company has a market cap of 2.08 billion.
Nabors Industries Ltd. (NYSE:NBR) is up 4.89% in after hours trading at $18.66. NBR has traded traded 79 thousand shares in after hours trading. NBR shares finished regular trading down 5.27% at $17.79 with 10.6 million shares traded. The company has a market cap of 5.14 billion.
Western Refining Inc. (NYSE:WNR) is up 4.71% in after hours trading at $19.79. WNR has traded 113 thousand shares after the closing bell. Western Refining shares closed regular trading down 3.91% at $18.90 with 2.5 million shares traded. The company has a market cpa of 1.69 billion.
LSI Corp. (NYSE:LSI) is up 4.04% in after hours trading at $9.01. LSI has traded 273 thousand shares in after hours trading. LSI shares closed the day down 2.59% at $8.66 with 11.3 million shares traded. The company has a market cap of 4.91 billion.
MAP Pharmaceuticals Inc. (NASDAQ:MAPP) is down 12.47% in after hours trading at $14.39. MAPP has traded 337 thousand shares in after hours trading. MAPP shares continue to fall after FDA declined rejected the company’s migraine drug. The company has a market cap of 501.37 million.
VASCO Data Security International (NASDAQ:VDSI) is down 5.78% in after hours trading at $9.95. VDSI has traded more than 20 thousand shares in after hours trading. VDSI shares closed up 6.13% at $10.56 after Standard & Poor’s said the company will take the place of O’Charley’s Inc. in the S&P SmallCap 600 index after market close on April 2. The company has a market cap of 397.97 million.
Halozyme Therapeutics, Inc. (NASDAQ:HALO) is down 4.04% in after hours trading at $12.81. HALO has traded 23 thousand shares in after hours trading. HALO closed the day up 4.22% at $13.35 with 2.4 million shares traded. The company has a market cap of 1.38 billion.
Hyatt Hotels Corporation (NYSE:H) is down 3.30% in after hours trading at $41.58. H traded 45 thousand shares in after hours trading. Hyatt shares closed up 3.12% today with 1.2 million shares traded. The company has a market cap of 7.10 billion.
TriQuint Semiconductor, Inc. (NASDAQ:TQNT) is down 3.21% in after hours trading at $6.63. TQNT has traded 89 thousand shares in after hours trading. TQNT closed regular trading up 3.32% at $6.85 with 9.2 million shares traded. The company has a market cap of 1.14 billion.
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