Benzinga Mid-Afternoon Market Update

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Midway through trading Tuesday, the Dow was down about 0.38 percent, to 13,507.04. The NASDAQ fell about 0.86 percent, to 3,133.53, while the S&P traded down 0.65 percent to 1,447.35. The fall, partially fueled by uncertainty in the EU and protests in Spain, caused many stocks to lose the gains made earlier in the day. Carnival Corporation
CCL
traded up 0.73 percent to $37.27 midway through Tuesday after raising its fiscal year guidance. Royal Caribbean Cruises
RCL
also rose, trading up 0.59 percent to $31.04. Clearwire Corporation
CLWR
traded up as well, rising 0.34 percent to $1.48. Shares of Buffalo Wild Wings
BWLD
also moved up 0.87 percent to $83.07, following an upgrade at RBC Capital Markets. Merrimack Pharmaceuticals
MACK
plummeted mid way through the day Tuesday 18.19 percent to $8.95 following an IPO lockup expiration. Keg Energy Services
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KEG
fell 11.78 percent to $7.19 following a release lowering its third quarter guidance. Shares of Tesla
TSLA
continued to fall, trading down 9.85 percent to $27.64 after announcing it was lowering its guidance and filing for a secondary offering of 4.3 million shares. In economic news, the Richmond Fed released its manufacturing index, which came in at 4, much higher than the expected -5, and above the prior figure of -9. Consumer Confidence came in at 70.3, above the expected 63.1 and the prior figure of 60.6. Finally, the House Price Index Month over Month came in at 0.2 percent, below the expected 0.6 percent, and further below the previous figure of 0.7 percent.
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