Falling Crude Prices Lift Dow
Falling crude oil prices and consumer prices lifted the Dow 65 points to 7985 during the midday while Nasdaq lost 9 points to 1616.
Developers Diversified Realty's (NYSE: DDR) shareholders approved the purchase agreement with the Otto Family.
American Airlines parent AMR (NYSE: AMR) widened first quarter losses as people flew less due to the weak economy but the results topped analyst estimates.
Burger King Holdings (NYSE: BKC) disappointed with lower than expected preliminary revenue for the third quarter.
Although first quarter earnings for Peabody Energy (NYSE: BTU) tripled, the results missed analyst estimates by a wide margin.
On the upside
Discovery Laboratories (Nasdaq: DSCO) reported that it has advanced the design of its proprietary Capillary Aerosolization Technology for delivering aerosolized KL4 surfactant to the deep lung.Developers Diversified Realty's (NYSE: DDR) shareholders approved the purchase agreement with the Otto Family.
American Airlines parent AMR (NYSE: AMR) widened first quarter losses as people flew less due to the weak economy but the results topped analyst estimates.
On the downside
Burger King Holdings (NYSE: BKC) disappointed with lower than expected preliminary revenue for the third quarter.
Although first quarter earnings for Peabody Energy (NYSE: BTU) tripled, the results missed analyst estimates by a wide margin.
In the broad market, advancing issues outpaced decliners by a margin of more than 5 to 3 on the NYSE and by more than 7 to 5 on Nasdaq. The Russell 2000 which tracks small cap stocks gained 5 points to 458.
