>>> US Gapping down

Gapping down

In reaction to disappointing earnings/guidance: DRAM -6.2%, GALT -3.3% (light volume), ALQA -3.3%

Metals/mining stocks trading lower: MUX -2.8%, GOLD -1.6%, GG -1.4%, HL -1.2%, ABX -1%, GLD -0.8%, SLV -0.5%.

Other news: GDP -6.9% (announces results of the CMR 8-5H-1 well and provides operational update in the Tuscaloosa Marine Shale; well has achieved a peak 24-hour average production rate to date of 950 BOE per day), CTRP -3.2% (swiftly responds to temporary potential internet security ris), NBG -2.2% and DB -1% (still checking), ALV -1.8% (elects New Board Member), ALU -1.8% (still checking), TWTR -0.8% (Twitter to pull #music app from Apple (AAPL) app store, according to reports), GM -0.6% (ongoing inquiry into defects; NYT Friday reported Feds are looking into the potential for bankruptcy fraud by not disclosing defects).

Analyst comments: MTW -2.1% (downgraded to Underperform from Hold at Jefferies), SUSS -1.7% (downgraded to Market Perform from Outperform at Wells Fargo), L -0.5% ( downgraded to Hold from Buy at Deutsche Bank), XLS -0.5% (downgraded to Hold from Buy at Jefferies), TIF -0.4% (removed from Conviction Buy list at Goldman)