Stock Market Today – Mattel Inc. (MAT) Gannett Co (GCI) and Baxter International (BAX) Report

Baxter and Gannet Logos

(Best Syndication News) Stock markets in Europe are opening higher after dropping early Tuesday in Asia (see stock charts below). Markets were mixed in the United States as tech stocks took a hit when shares in Apple Inc. (NASDAQ:AAPL) began to plummet after a sharp run-up this month.

The Shanghai (China) composite index fell 0.97 percent Tuesday while the Nikkei 225 (Japan) and Hang Seng (Hong Kong) fell 0.06 percent and 0.23 percent respectively. Slow growth concerns in China and Spanish sovereign debt worries weighed heavily in Asia.

Japan has pledged to shore-up the International Monetary Fund (IMF) with a $60 billion loan. This is the first time a non-European country has committed money via the IMF to help avert the debt contagion.

Despite climbing Spanish bond yields, stock indexes in Europe are rebounding Tuesday. The FTSE 100 (England) is up 0.46 percent while the CAC-40 (France) and the DAX (Germany) added 0.63 percent and 0.53 percent respectively in early trading.

Of the 486 stocks in our widely-held index, 209 were lower Monday (see the widely-held index below). Mattel, Inc. (NASDAQ:MAT) fell more than any other constituent in the index, down more than nine percent. The volume was up more than 600 percent.

A disappointing earnings report before the market opened put downward pressure on MAT during the trading day. In the after-hours MAT gained 19 cents (+0.61%) to $31.20.

Another loser was Gannett Co., Inc. (NYSE:GCI), down nearly eight percent during Monday’s session. The volume was double the average.

The media company reported earnings of 34 cents per share before the market opened. Analysts had expected only 31 cents, but the better-than-expected results could not stave off the decline.

In the after-hours GCI added one penny to $13.90.

Baxter International Inc. (NYSE:BAX) was another widely-held laggard. The pharmaceutical company dropped more than six percent during the trading day. Investors were disappointed when the Food and Drug Administration (FDA) held their approval of a HyQ, an immune disorder drug.

BAX had hoped that the drug would be approved in early 2012, but now the approval may not come until 2013 after more data is collected on its long-term use.

By Dan Wilson

World Market Charts:

Monday World Stock Indexes 1 Day 1 Day 1 Week 30-Day 100-Day
4/16/2012 N. & S. AMERICA Pt Change % Change % Change % Change % Change
12,921.41 Dow Jones Industrial 71.82 0.56% -0.25% 1.27% 11.82%
1,369.57 S&P 500 -0.69 -0.05% -1.07% 1.95% 14.59%
2,988.40 NASDAQ Composite -22.93 -0.76% -2.08% 2.68% 18.80%
12,037.59 S&P TSX Canada -2.80 -0.02% 0.16% -2.12% 2.60%
61,954.55 Brazil Bovespa Stock 67.27 0.11% -1.54% -4.85% 12.03%
39,054.84 IPC MXX - Mexico 610.83 1.59% -0.96% 4.18% 9.37%
2,459.56 MerVal Buenos Aires -42.52 -1.70% -2.48% -7.24% 0.31%
798.08 Russell 2000 Sm-Cap 1.79 0.22% -0.67% 1.40% 14.65%
810.39 Russell 3000 98% Mkt -0.34 -0.04% -0.87% 1.86% 14.76%
EUROPE
5,666.28 FTSE 100 England 14.49 0.26% -1.00% -1.73% 6.17%
3,205.28 CAC 40 France 16.19 0.51% -3.45% -4.68% 5.90%
6,625.19 DAX Germany 41.29 0.63% -2.21% -0.12% 14.23%
714.78 Athens Greece Comp. 0.00 0.00% 1.01% -5.33% 8.05%
725.64 IGBM Madrid Spain -5.16 -0.71% -6.02% -11.80% -11.06%
6,124.91 SSMI - Swiss Market 52.79 0.87% -0.63% 1.28% 10.73%
15,414.87 FTSE Italia All (Italy) 54.94 0.36% -5.07% -10.37% 0.33%
ASIA & PACIFIC
2,357.03 Shanghai China -2.13 -0.09% 3.12% -2.25% -2.32%
9,470.64 Nikkei 225 Japan -167.35 -1.74% -0.79% -1.73% 11.71%
20,610.64 Hang Seng Hong Kong -90.40 -0.44% 0.09% -0.94% 12.90%
7,729.86 TSEC Taiwan Exchange -58.41 -0.75% 1.70% -2.62% 10.61%
4,302.30 S&P ASX 200 Australia -21.00 -0.49% -0.41% 2.58% 5.36%
17,150.95 BSE Sensex Bombay 56.44 0.33% -0.41% -0.13% 7.14%
5,226.20 CNX NIFTY NSE India 18.75 0.36% -0.16% 0.07% 8.76%
1,992.63 Korea Com KOSPI -16.28 -0.81% -0.22% -0.39% 7.33%
2992.12 STI Singapore 4.30 0.14% 1.08% 2.05% 11.31%

Widely-Held Index:

Monday One Day One Day 1-Week
4/16/2012 Name Symbol Change % %
31.01 Mattel, Inc. MAT -3.12 -9.14% -7.82% 1
13.89 Gannett Co., Inc. GCI -1.15 -7.65% -5.89% 2
54.1 Baxter International... BAX -3.93 -6.77% -7.47% 3
2.51 Sprint Nextel Corporatio... S -0.17 -6.34% -8.73% 4
15.21 Electronic Arts Inc. EA -0.97 -6.00% -4.34% 5
22.55 Tesoro Corporation TSO -1.09 -4.61% -10.69% 6
702 Priceline.com Inc PCLN -33.18 -4.51% -8.21% 7
580.13 Apple Inc. AAPL -25.10 -4.15% -8.82% 8
15.49 Nabors Industries Ltd. NBR -0.67 -4.15% -5.49% 9
372.19 The Washington Post... WPO -15.28 -3.94% -0.56% 10
             
             
71 The Chubb Corporation CB 1.34 1.92% 2.16% 476
21.22 XL Group plc XL 0.41 1.97% -0.42% 477
21.63 Safeway Inc. SWY 0.44 2.08% 10.13% 478
42.44 Edison International EIX 0.87 2.09% -0.77% 479
24.21 Owens-Illinois, Inc. OI 0.51 2.15% 7.94% 480
7.11 Micron Technology, Inc. MU 0.15 2.16% -3.27% 481
21.7 GameStop Corp. GME 0.47 2.21% -0.69% 482
117.73 Goldman Sachs Group... GS 2.64 2.29% 0.61% 483
50.75 Kohl's Corporation KSS 1.16 2.34% 1.60% 484
148.64 Simon Property Group... SPG 3.90 2.69% 2.76% 485
82.15 Vornado Realty Trust VNO 2.21 2.76% 1.52% 486

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