In what was a relatively good week for markets, Wall Street ended on a sour note with the Dow sliding triple digits on Friday.
The bulls were sidelined as the Dow Jones Industrial Average lost close to 150 points, or nearly 2%, while both the S&P 500 and Nasdaq tumbled more than 2%.
Despite the loss, all three indexes gained for the week. Here’s a look at Friday’s biggest gainers and losers
WINNERS
Waters Corp. (WAT) The chemical analysis equipment company soared a little more than 9% on rumors it may be a takeover target. The stock closed up close to $37.
Dynegy Inc. (DYN) The Houston-based power company climbed 8.5% to close at $1.52. Earlier in the week the stock took a beating, dropping more than 14% after Macquarie Capital USA downgraded the company to “underperform.”
Lincoln National Corp. (LNC) The life insurance company climbed 8.3% to close around $10.37 after it filed its 8-K with the SEC.
SLM Corp. (SLM) The student loan provider, commonly known as Sallie Mae, jumped 8.2% to hit $4.47. The stock took a hit on Wednesday after a disappointing Treasury auction.
Compuware Corp. (CPWR) An upgrade from an analyst atCowen & Co helped boost the IT services and software provider 6.89% to close at $6.83.
LOSERS
CB Richard Ellis Group Inc. (CBG) A day after the Los Angeles-based company renegotiated its debt to cope with the weak market and was upgraded from “overweight” to “neutral the stock dipped 15.17% to close around $4.25.
Developers Diversified Realty Corp. (DDR) After being downgraded in several factors by Fitch Ratings the shopping center developer closed down close to 13% at $2.16.
Host Hotels Resorts Inc.(HST) The real estate investment trust, fell more than 11.6% to close at $4.25.
Tesoro Corp. (TSO) The independent refiner and marketer of petroleum products fell 10.33% to close at $14.67 as the price of oil starts to climb and it was downgraded by Caris & Co.
Meredith Corp. (MDP) The media and marketing company fell 8.53% to close at $17.04 as advertising revenue continues to slip in the media sector.
Business briefs: Mortgage rates are lowest on record
Market Winners & Losers: Dynegy, AIG
