Services Sector Expands Less Than Expected

January 6, 2010 10:02 AM | | TrackBacks (0)
While the nation's services sector expanded in December, the gain was below expectations. The markets turned negative during the midday with the Dow easing a fraction to 10,571. Nasdaq lost 5 points to 2303.

 

On the upside

Shares of Sunesis Pharmaceuticals (Nasdaq: SNSS) surged after website BioMed Reports commented that traders should take advantage of any retreat in the stock price.

Cyclacel Pharmaceuticals (Nasdaq: CYCC) president and chief executive Spiro Rombotis will make a presentation at the OneMedForum 2010 Finance Conference.

Worthington Industries (NYSE: WOR) reversed year ago losses to post a profit for the second quarter as steel prices rose and the company improved its inventory management.

On the downside

Robbins & Myers (NYSE: RBN) disappointed with sharply lower first quarter earnings revenue fell.

Investopedia named MetroPCS (NYSE: PCS) as one of the worst performing stocks of 2009.

UBS downgraded Kansas City Southern (NYSE: KSU).

In the broad market, advancing issues outpaced decliners by a margin of more than 5 to 3 on the NYSE and by nearly 10 to 9 on Nasdaq. The Russell 2000 which tracks small cap stocks edged up a point to 639.

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This page contains a single entry by published on January 6, 2010 10:02 AM.

Greater Than Expected Job Cuts Weighs Down Dow was the previous entry in this blog.

Mixed Close As Services Sector Expands Less Than Expected is the next entry in this blog.

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