Market Down in Mid-Day Trading- Investors Cautious Ahead of Mid-Term Elections
The U.S. equity market is trading lower as investors remain cautious ahead of the mid-term elections next week. The Dow Jones is currently down 0.14% to 11,098.35, the S&P 500 is currently down 0.11% to 1,182.48 and the Nasdaq is currently up 0.11% to 2,510.19.
Halliburton Company (NYSE: HAL) came out defending itself today after a presidential investigative panel blamed the company’s failed cement job on the BP (ADR) (NYSE: BP) well in the Gulf of Mexico as one of the contributing factors for the disaster. The company defended itself and assigned the blame on BP. In a statement issued by the company last night, the company questioned the tests that showed its cement to be unstable and incapable of holding back the oil in the well. Shares of Halliburton Company are down 0.13% to $31.64 currently, touching an intra-day low of $29.99.
Monster Worldwide Inc. (NYSE: MWW) announced its third-quarter financial results after market close on Thursday. The company reported a 26% year-over-year increase in its bookings to $235 million in the third quarter of 2010. The company’s deferred revenue improved to $313 million in the third quarter of 2010, representing an increase of 18% over the third quarter of 2009. The company reported third-quarter revenue of $229 million, up 7% on a year-over-year basis. The company posted GAAP loss of $0.05 per share for the third-quarter of 2010, mainly due to the costs related to the acquisition of HotJobs. Shares of Monster Worldwide are currently up 24.81% to $17.98, touching an intra-day high of $19.10.
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