Markets Close Mixed As Mortgage Rates Slip While Jobless Claims Rise

January 7, 2010 1:52 PM | | TrackBacks (0)
It was a mixed close for the markets with the Dow gaining 33 points to 10,606 as 30-year mortgage rates slipped while jobless claims rose. Nasdaq lost a point to 2300.

 

On the upside

InfoSpace (Nasdaq: INSP) lifted its fourth quarter guidance.

Zygo (Nasdaq: ZIGO) received an unsolicited acquisition offer of $10 per share from II-VI (Nasdaq: IIVI).

Sutor Technology (Nasdaq: SUTR) signed four new contracts to provide steel coils for approximately $25 million.

On the downside

Bebe (Nasdaq: BEBE) disappointed with second quarter same store sales that plunged 22.5%.

Christopher & Banks (NYSE: CBK) blamed a greater than anticipated tax rate for third quarter earnings that fell short of estimates.

Majesco Entertainment (Nasdaq: COOL) announced its new Pirates Plund-Arrr for the Wii to be released in April.

In the broad market, advancing issues outpaced decliners by a margin of more than 7 to 5 on the NYSE and by 7 to 5 on Nasdaq. The Russell 2000 which tracks small cap stocks rose 4 points to 641.

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This page contains a single entry by published on January 7, 2010 1:52 PM.

Mixed Markets Over Job Replacement Concerns was the previous entry in this blog.

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