Federal Reserve Says Economy Stabilizing

September 9, 2009 1:47 PM |
A Federal Reserve survey indicating stabilization of the nation's economy lifted the markets to a higher close with the Dow rising 49 points to 9547. Nasdaq climbed 22 points to 2060.

On the upside 

Delta Petroleum (Nasdaq: DPTR) received approval from the Klickitat County Board of Adjustment to drill four exploratory natural gas wells.

JDA Software (Nasdaq: JDAS) repurchased its preferred convertible stock for $30 million.

Rite Aid (NYSE: RAD) will report second quarter earnings on September 24.

On the downside

Shares of Blockbuster (NYSE: BBI) dropped after a report last week that YouTube may stream movie rentals.

Omega Navigation Enterprises (Nasdaq: ONAV) swung to a loss for the second quarter.

Credit Suisse analyst Deepak Sitaraman downgraded Palm (NYSE: PALM) saying that by selecting only one carrier for its Pixi phone will hurt sales. 

In the broad market, advancing issues outpaced decliners by a margin of 5 to 2 on the NYSE and by nearly 5 to 2 on Nasdaq. The Russell 2000 which tracks small cap stocks climbed 10 points to 586.

Tags:

Search


About this Entry

This page contains a single entry by published on September 9, 2009 1:47 PM.

Markets Continue Advance was the previous entry in this blog.

Mixed Open As Oil Prices Rise is the next entry in this blog.

Find recent content on the main index or look in the archives to find all content.

Powered by Movable Type 5.12