>>> US Gapping down

Gapping down

In reaction to disappointing earnings/guidance: NIHD -26%, SGI -14.8% (downgraded to Sector Perform from Outperform at FBN Securities), WTW -13.3%, AAWW -12.1%,JIVE -11.6%, OTEX -11.5%, GLUU -10.3%, EDMC -9.8%, AVP -8.9%, ROVI -8.3%, JDSU -8.1%, TSYS -8%, (light volume), RATE -6.9%, SNE -6%, VRX -5.6%, MOH -5.5%, NVO -5%, (light volume), RDS.A -4.4%, GTLS -3.9%, SPWR -3.5%, MERU -3.1%, (light volume), V -2.6%, ABX -2.4%, AXTI -2.3%, BYD -2.2%, (light volume), AZN -2.2%, SLRC -2.1%, (light volume), MET -2%, MGM -1.9%, CROX -1.8%, ALL -1.8%, SBUX -1.6%, RKUS -1.2%, DRIV -0.9%, (light volume), TOT -0.5%, FICO -0.4%, (light volume).

Metals/mining stocks trading lower: HMY -2.8%, AU -2.4%, GOLD -2.3%, EGO -2.1% AUY -2.1% ( downgraded to Hold from Buy at TD Securities on valuation and reduced expectations ), SLV -1.7%, GDX -1.4%, GLD -0.6%.

Select solar related names showing early weakness following SPWR results: JASO -3.2%, SOL -2.3%, FSLR -1.4%, SCTY -1.4%, TSL -0.6%.

Other news: ARIA -24.2% (Ariad Pharm Announces Temporary Suspension of Iclusig Marketing in the United States), DSCO -9.3% (announces proposed public offering of common stock; size not disclosed), QTWW -7.1% (still checking), EGAS -4.6% (announces offering 1,134,155 shares of its common stock, of which 80,000 shares will be sold by the co, 1,006,911 will be sold by the co's Chairman and CEO, and 47,244 shares will be sold by the co's CFO), ERIC -3.1% (still checking), RYAAY -1.8% and ZNH -1.5% (following AFLYY results), WDC -1.7% (announces 10.87 mln share secondary offering by selling shareholder Hitachi), KORS -1.3% (addition to S&P 500 postponed), RCL -1.1% (still checking).

Analyst comments: MAT -2.6% (downgraded at Piper)