Mixed Close Despite Upbeat Economic Data

November 4, 2009 1:50 PM |
It was a mixed close for the markets with the Dow gaining 30 points to 9802 despite upbeat economic news as investors continue to fret about the economic recovery. Nasdaq eased a point to 2055.

On the upside

While third quarter earnings for Digital River (Nasdaq: DRIV) slipped, the results topped analyst estimates prompting an upgrade.

RehabCare Group (NYSE: RHB) will pay approximately $570 million to acquire Triumph Healthcare.

National Financial Partners (NYSE: NFP) reported sharply higher third quarter earnings that beat expectations.

On the downside

Jakks Pacific (Nasdaq: JAKK) announced a private placement of senior convertible notes to raise $85 million.

Conway (NYSE: CNW) reported sharply lower revenue and earnings that fell short of estimates.

Third quarter earnings for Charles River Laboratories (NYSE: CRL) fell as revenue dropped and the company lowered its full year guidance.

In the broad market, advancing issues outpaced decliners by a margin of more than 5 to 4 on the NYSE while declining issues edged out advancers by more than 3 to 2 on Nasdaq. The Russell 2000 which tracks small cap stocks tumbled 7 points to 563.

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