(MENAFN- ProactiveInvestors)A dismal end to a dismal week looks in store as US stocks add to yesterday's heavy losses. Personal income and outgoing data that missed expectations added to the gloom with consumer spending rising a mere 0.1% in March. The S&P 500 was nursing a 10-point fall at 2066 while the mid-cap mini-me version the S&P 400 was down six points at 1463. The small-cap Russell 2000 was also down six points at 1135. On the Nasdaq exchange Pinnacle Entertainmnent Inc (NASDAQ:PNK) plunged 71% to $11.24 as Gaming and Leisure Properties Inc (NASDAQ:GLPI) completed its acquisition of the entertainment company's property assets. Also in the cellar was Park-Ohio Holdings Corp (NASDAQ:PKOH) after its first quarter results. Edward Crawford chairman and chief executive of Park-Ohio said the company was very disappointed in the results. The supply chain management outsourcing specialist saw first quarter sales slump 12.5 % to 328mln. 'The unexpected reduction in volume in our aluminum casting unit caused by a customer's decision to end production on two car platforms and the impact of the low build rates in heavy-duty truck and rail in January and February impacted results. There was good news however for dry bulk cargo shipper Paragon Shipping Inc (NASDAQ:PRGN) which has entered into an agreement with Jiangsu Yangzijiang Shipbuilding to extend the deliveries of its three Kamsarmax new building dry bulk carriers to the end of September October and November respectively.
Legal Disclaimer:
MENAFN provides the information “as is” without warranty of any kind. We do not accept any responsibility or liability for the accuracy, content, images, videos, licenses, completeness, legality, or reliability of the information contained in this article. If you have any complaints or copyright issues related to this article, kindly contact the provider above.