The overall market closed near the bottom of its daily trading range as sellers begin stepping in at around 1:45 p.m. EST. Here are the five best and worst performers on the day:
Best
1) NYSE Euronext NYX: Closed trading up nearly 12.6% at $39.60 on the news that NASDAQ and ICE made a joint proposal to acquire NYSE Euronext for $42.50 in cash and stock.
2) NASDAQ OMX Group NDAQ: Normally, when a company puts in a bid to purchase another, shares take a hit. NASDAQ shares are shrugged off that trend, closing up 9.25% at $28.23.
3) Wynn Resorts WYNN: The casino's stock reacted well to excellentme revenue numbers emanating from Macau earlier today which saw a 48% rise in gambling revenue. It closed in the green by 4.6% at $133.01.
4) H&R Block HRB: As tax season comes to a close, shares of H&R Block are putting in new 9-month highs. The company's stock closed 4.18% to the upside at $17.40, breaking out of its four day price consolidation.
5) Meadwestvaco MWV: This packaging company made a strong upside move in the last hour of trading to round out the top five. Shares closed three cents off of the high of the day, gaining 3.73% to $31.46.
Worst
1) F5 Networks Inc FFIV: The tech company was the day's biggest loser, taking a nearly 9% hit at $93.56 (low of the day) after negative comments from William Blair & Co. analyst Jason Ader. Ader warned of slowing demand and slowing growth in the quarters ahead.
2) JDS Uniphase Corp JDSU: Shares of the company sank 8.3% on the day to $19.35 (three cents off of its low) after Stifel Nicolaus cut its estimates for FY11 earnings and raised its FY12 estimates.
3) Amphenol Corp APH: Amphenol was weak from the beginning of trading and ended the day negative 3.64% at $52.41. No news is out, but price action has seen the stock break its 2-month low.
4) IntercontinentalExchange ICE: Unlike shares of NYSE Euronext and NASDAQ OMX group, ICE is finished the day in negative territory, enduring a 3% drop to $119.75. Worries about possible credit downgrades on the heels of today's joint bid for NYSE Euronext seemingly took their toll.
5) Altera ALTR: After two weeks of solid gains, shares of this device manufacturer experienced some profit taking after approaching their 52-week high of $45. Selling pressure started building at 2:30 p.m. EST., pushing the stock to new intraday lows. It closed down 3.07% at $42.67.
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