Flat Close Despite Improving Consumer Confidence

January 26, 2010 1:54 PM |
The markets closed near the flat line with the Dow slipping 2 points to 10,194 despite improving consumer confidence as housing prices dropped. Nasdaq lost 7 points to 2203. 

 

On the upside

Whitney Holding (Nasdaq: WTNY) reported a fourth quarter loss that was smaller than expected.

Second quarter earnings for Parexel International (Nasdaq: PRXL) rose to top estimates.

VMware (NYSE: VMW) reported fourth quarter earnings that surpassed expectations and forecast first quarter results ahead of estimates.

On the downside

Borders Group (NYSE: BGP) chief executive Ron Marshall announced his departure from the bookseller after barely a year at the helm.

NorthStar Realty Finance (NYSE: NRF) will release fourth quarter as well as full year results on Thursday, February 25, 2010.

Falling energy prices weighed down shares of United States Natural Gas (NYSE: UNG).

In the broad market, declining issues outpaced advancers by a margin of nearly 2 to 1 on the NYSE and by 2 to 1 on Nasdaq. The Russell 2000 which tracks small cap stocks lost 5 points to 612.

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This page contains a single entry by published on January 26, 2010 1:54 PM.

Consumer Confidence Rises Lifting Markets was the previous entry in this blog.

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