Slowdown In Job Losses Lifts Markets
On the upside
GSI Technology (Nasdaq: GSIT) introduced two new revolutionary SRAM products providing improved performance, greater reliability and increased flexibility.
CSG Systems International (Nasdaq: CSGS) entered two multi-year contracts to provide customer care as well as print, mail and billing services to DISH Network.
For the fifth year in a row, WuXi Pharma Tech (NYSE: WX) was named to the Deloitte Technology Fast 50 China 2009 list.
On the downside
Shares of Borders (NYSE: BGP) continued to fall as consumers opt to purchase books online and through discount retailers.
Cell Therapeutics' (Nasdaq: CTIC) new class of anti-tumor drugs exhibited stronger potency than currently available compounds. However, the stock price fell.
Las Vegas Sands (NYSE: LVS) stock dropped after shares of its Macau unit Sands China fell on its first day of trading on the Hong Kong market.
In the broad market, advancing issues outpaced decliners by a margin of more than 4 to 3 on the NYSE while advancers edged out decliners by a slim margin on Nasdaq. The Russell 2000 which tracks small cap stocks added 2 points to 579.
