Markets Mixed Over European Debt Concerns

February 8, 2010 10:13 AM |
Despite upbeat earnings news, the markets traded mixed during the midday with the Dow losing 22 points to 9989 over continued concerns about European debt and extended global economic malaise. Nasdaq added a point to 2143.

 

On the upside

Borders Group (NYSE: BGP) majority shareholders William Ackerman said that it was very unlikely for the bookstore operator to file for bankruptcy.

MBIA (NYSE: MBI) restructured its Cutwater Asset Management subsidiary.

Electronic Products selected Vishay Technology's (NYSE: VSH) Bulk Metal Foil resistor as Product of the Year.

On the downside

Novavax (Nasdaq: NVAX) and Spanish pharmaceutical ROVI ended discussions after failing to agree on the terms of their partnership.

Shares of National Bank of Greece (NYSE: NBG) continued falling over default concerns.

Williams Coal Seam Gas Royalty Trust (NYSE: WTU) announced Friday after market close that the Trust will terminate March 1, 2010.

In the broad market, declining issues outpaced advancers by a margin of nearly 5 to 3 on the NYSE and by more than 10 to 9 on Nasdaq. The Russell 2000 which tracks small cap stocks added a fraction to 593.

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This page contains a single entry by published on February 8, 2010 10:13 AM.

European Debt Concerns Weigh Down Markets was the previous entry in this blog.

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