Disappointing Drop In Consumer Confidence Weighs Markets

September 29, 2009 10:32 AM |
A disappointing drop in consumer confidence weighed down the markets during the midday with the Dow losing 10 points to 9778. Nasdaq eased 2 points to 2128.

On the upside 

Astrotech (Nasdaq: ASTC) swung to a fourth quarter profit and announced that it was exploring strategic options to increase shareholder value including the possible sale of the company.

Lenders to YRC Worldwide (Nasdaq: YRCW) amended their agreement with the transportation services company to allow the company more leeway.

Gannett (NYSE: GCI) forecast third quarter results ahead of analyst estimates.

On the downside

Silicon Image (Nasdaq: SIMG) lowered its third quarter revenue guidance and announced the resignation of chief executive Steve Tirado.

USEC (NYSE: USU) blamed delays by the Energy Department in reviewing its loan application for the loss of 1,000 jobs at a uranium enrichment plant in Ohio.

Solta Medical (NYSE: FR) blamed delays to two new products for forecasting disappointing third quarter results. 

In the broad market, advancing issues outpaced decliners by a margin of nearly 10 to 9 the NYSE and while decliners edged out advancers by more than 10 to 9 on Nasdaq. The Russell 2000 which tracks small cap stocks held steady at 613.

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