Stocks Open Higher Ahead of Consumer Confidence Data

June 30, 2009 6:45 AM |
Housing prices fell versus year-ago levels, but at a slower rate.  Meanwhile, oil prices rose to the $72 a barrel mark in the aftermath of attacks on oil installations in Nigeria.  The Dow added 6 points to 8536 while Nasdaq climbed 4 points to 1848.

On the upside

Geron (Nasdaq: GERN) and GE Healthcare, a unit of General Electric (NYSE: GE) agreed to conduct joint research to develop embryonic stem cell products.

An analyst upgraded Fedex (NYSE: FDX).

Vical (Nasdaq: VICL) reported positive results for its swine flu vaccine works in mice.

On the downside

Schnitzer Steel Industries (Nasdaq: SCHN) unexpectedly posted a 3rd quarter loss.

American International Group (NYSE: AIG) sold off its credit card operations in Taiwan for an undisclosed amount.

Tobacco maker Alliance One International (NYSE: AOI) priced $100 million in senior subordinated debt.

In the broad market, advancing issues outpaced decliners by a margin of 5 to 4 on the NYSE and by more than 5 to 4 on Nasdaq. The Russell 2000 which tracks small cap stocks added a point to 511.

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This page contains a single entry by published on June 30, 2009 6:45 AM.

Markets Close Higher As Commodity Prices Rise was the previous entry in this blog.

Drop In Consumer Confidence Sends Markets Lower is the next entry in this blog.

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