Markets Flat Over Job Concerns

September 2, 2009 10:37 AM |
The markets traded near the flatline during the midday with the Dow slipping 3 points to 9307 despite an upbeat factory orders report as investors remain wary of further job losses. Nasdaq added a fraction to 1969.

On the upside 

Credit Suisse analyst Satya Kumar upgraded Amkor Technology (Nasdaq: AMKR) saying increasing demand will improve margins.

Apple (Nasdaq: AAPL) approved Vonage Holdings' (NYSE: VG) iPhone and iPod applications.

The patent office issued The Medicines Company (Nasdaq: MDCO) a new patent for the company's improved Angiomax.

On the downside

Second quarter earnings for DHT Maritime (NYSE: DHT) plunged as sales fell and the company cancelled its second quarter dividend.

The Department of Energy denied Raser Technologies' (NYSE: RZ) loan guarantee application for its East Thermo project.

Synovis Life Technologies (Nasdaq: SYNO) blamed impairment charges for swinging to a third quarter loss.

In the broad market, declining issues outpaced advancers by a margin of more than 5 to 4 on the NYSE and by nearly 10 to 9 on Nasdaq. The Russell 2000 which tracks small cap stocks eased a fraction to 557.

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This page contains a single entry by published on September 2, 2009 10:37 AM.

Stocks Open Mixed on Unemployment and Productivity Data was the previous entry in this blog.

Modestly Lower Close Over Job Concerns is the next entry in this blog.

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