Details For Greece Bailout Lacking, Markets Close Mixed

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It was a mixed close for the markets despite upbeat earnings and jobs data as discussions to bailout Greece continued with no specific details available. The Dow added 5 points to 10,841 while Nasdaq eased a point to 2397.

 

On the upside

Fourth quarter earnings for Conn's (Nasdaq: CONN) tumbled but the results beat expectations.

Omnova Solutions (NYSE: OMN) reversed year ago losses to post a better than expected profit for the first quarter.

Kaufman Bros. analyst Karl Keirstead upgraded VanceInfo Technologies (NYSE: VIT).

On the downside

Goodrich Petroleum (NYSE: GDP) named Jan Schott as interim chief financial officer after David Looney resigned.

Bernstein downgraded Brocade Communications Systems (Nasdaq: BRCD).

Baird analyst David Tarantino downgraded Starbucks (Nasdaq: SBUX) citing recent gains in the coffee retailer's stock price.

In the broad market, declining issues outpaced advancers by a margin of more than 7 to 5 on the NYSE and by nearly 5 to 3 on Nasdaq. The Russell 2000 which tracks small cap stocks lost 4 points to 679.

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This page contains a single entry by published on March 25, 2010 1:24 PM.

Markets Soar As Bernanke Affirms Need For Low Rates was the previous entry in this blog.

Aid Package For Greece Unveiled, Markets Open Higher is the next entry in this blog.

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