Ticker	Volume	Price	Price Delta
DJIA	15,307.20	-80.41	-0.52%
S&P 500	1,655.35	-13.81	-0.83%
Nasdaq	3,463.30	-38.82	-1.11%

Ticker

Volume

Price

Price Delta

DJIA

15,307.20

-80.41

-0.52%

S&P 500

1,655.35

-13.81

-0.83%

Nasdaq

3,463.30

-38.82

-1.11%

Ticker	Volume	Price	Price Delta
STOXX 50	2,835.01	+13.36	0.47%
FTSE 100	6,840.27	+36.40	0.53%
DAX	8,530.89	+58.69	0.69%

Ticker

Volume

Price

Price Delta

STOXX 50

2,835.01

+13.36

0.47%

FTSE 100

6,840.27

+36.40

0.53%

DAX

8,530.89

+58.69

0.69%

Ticker	Volume	Price	Price Delta
Nikkei	15,627.30	+246.24	1.60%
Hang Seng	23,261.10	-105.29	-0.45%
S&P/ASX 200	5,165.37	-14.69	-0.28%

Ticker

Volume

Price

Price Delta

Nikkei

15,627.30

+246.24

1.60%

Hang Seng

23,261.10

-105.29

-0.45%

S&P/ASX 200

5,165.37

-14.69

-0.28%

Sina Falls to Lowest Since January as Maxim Cuts Forecast

By Leon Lazaroff - 2012-07-02T20:10:12Z

Sina Corp. (SINA), the Chinese operator of the Twitter-like Weibo service, retreated to the lowest level since January after Maxim Group LLC reduced the company’s revenue forecast.

Shanghai-based Sina lost 3.4 percent to $50.07 at the close of trading in New York, the lowest since Jan. 9.

Sina will probably report sales of $547 million this year, Echo He, an analyst at Maxim Group in New York, wrote in an e- mailed report today. He’s previous forecast was for $560 million. Maxim’s He also lowered the 12-month target price on the shares to $44 from $45.

“The slowing economy is starting to put pressure on online advertising budgets,” He said in a phone interview. “It’s hard for Internet companies like Sina to grow in this environment.”

To contact the reporter on this story: Leon Lazaroff in New York at llazaroff@bloomberg.net

To contact the editor responsible for this story: Tal Barak Harif at tbarak@bloomberg.net

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