Gapping down
Select EU financial related names showing weakness: DB -1.3%, LYG -1.2%, ING -1.1%, BCS -1.1%, BBVA -1.1%
Select metals/mining stocks trading lower: X -1.7%, BHP -1.6%, HL -1.5%, IAG -1%, SLV -1%, GDX -0.7%.
Other news: APP -10.3% (adopts stockholder rights plan), CTHR -2.7% (announces closing of a new three-year $10 mln secured credit facility), VE -2.6% (still checking), WLT -2.6% (S&P lowered Walter Energy rating to 'CCC+' From 'B-' On Unsustainable Debt, Outlook Negative; Debt Ratings Lowered), EGLE -2.6% (disclosed Waiver and Forbearance Agreement update), PT -2.4% (reported clarifications regarding treasury investments), ALU -1.7% (still checking), GLCH -1.2% (delist from NASDAQ).
Analyst comments: MBI -4.9% (downgraded to Neutral from Buy at BTIG Research), TLYS -1.7% (downgraded to Neutral from Buy at B. Riley & Co), SYT -1.6% (downgraded to Underweight from Neutral at JP Morgan), WFC -0.6% (downgraded to Underperform from Neutral at Macquarie).