American markets in red on Monday morning
May 5th, 2008
The US Stock markets are in the red this morning. NASDAQ is down by about 12.1 points while Dow Jones Industrial Average is down 87.85 points.
The advancing stocks list of NASDAQ includes Vanda Pharmaceuticals Inc. (VNDA), Scopus Video Networks Ltd. (SCOP), INX Inc. (INXI), Albany Molecular Research, Inc. (AMRI) and STEC, Inc. (STERC)
Vanda zoomed by 26.84% with a volume of 1,790,789 shares traded (As of 5/5/2008 12:06:55 PM). The biopharmaceutical company recently reported a narrower than expected Q1 losses. The upside moved today is after news broke out that analysts are expecting Vanda’s schizophrenia drug Fanapta to win FDA approval. The decision of FDA is expected to come out in July.
1 U.S. dollar = 105.11931 Japanese yen
1 U.S. dollar = 0.6472073 Euros
Entry Filed under: Global Markets
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