Modestly Lower Close Over Job Concerns

September 2, 2009 1:45 PM |
The markets slipped to close modestly lower with the Dow falling 29 points to 9280 as concerns about job losses continue to weigh on investors. Nasdaq slipped a point to 1967.

On the upside 

Motorola (NYSE: MOT) introduced its new advanced data capture solutions to improve productivity.

Goldman Sachs analyst Noah Poponak upgraded Textron (NYSE: AAPL) saying that business is poised to improve.

Yamana Gold (NYSE: AUY) declared a quarterly dividend of a penny per share payable on October 14, 2009 to shareholders of record September 30, 2009.

MDS (NYSE: MDZ) will sell its MDS Analytical Technologies unit to Danaher (NYSE: DHR) for approximately $650 million in cash.

On the downside

SeaChange International (Nasdaq: SEAC) disappointed by swinging to a second quarter loss that was greater than expected.

Third quarter earnings and revenue for Applied Signal Technology (Nasdaq: APSG) slipped to fall short of estimates.

Synovis Life Technologies (Nasdaq: SYNO).

In the broad market, declining issues outpaced advancers by a margin of more than 7 to 5 on the NYSE and by nearly 10 to 9 on Nasdaq. The Russell 2000 which tracks small cap stocks lost 2 points to 555.

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This page contains a single entry by published on September 2, 2009 1:45 PM.

Markets Flat Over Job Concerns was the previous entry in this blog.

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