(MENAFN- ProactiveInvestors - N.America)
Stocks were modestly lower at the outset with travel firms responsible for much of the weakness of the main benchmarks.
The S&P 500 was off five points at 2046 and the Dow Jones down 48 points at 17577 with airlines and cruise companies friendless after the bomb explosions in the Belgian capital today.
Small and medium-sized companies also got off to a bad start with the mid-cap measure the S&P 400 down three points at 1427 and the small-caps index the Russell 2000 down eight points at 1091.
Clothes maker G-III Apparel Group Ltd. (NASDAQ:GIII) lost almost a fifth of its value after disappointing fourth quarter results while renewable power generator Blue Earth Inc (NASDAQ:BBLU) was another big faller down 45% as it filed for Chapter 11 bankruptcy.
Going the other way was MER Telemanagement Solutions Ltd. (NASDAQ:MTSL) the provider of billing solutions for telecommunications companies.
Shares shot up more than 50% to $1.11 as its fourth quarter results pleased the market. Fourth quarter revenues were 11% higher than in the third quarter at $4.2mln. The underlying net loss for the quarter narrowed to $139000 from $493000 a year earlier.
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