Markets Open Up After Yesterday's Job Loss Report

March 9, 2010 6:43 AM |
The markets opened to the upside with the Dow adding 14 points to 10,566 as investors continue to digest upbeat job loss data for February amidst high unemployment. Nasdaq rose 10 points to 2342.

 

On the upside

AgFeed Industries (Nasdaq: FEED) impressed with record revenue for 2009 as production volumes surged.

UBS upgraded Yum Brands (NYSE: YUM), operator of quick service franchises such as KFC and Pizza Hut, to a Buy rating.

United Airlines parent UAL (Nasdaq: UAUA) reported a 10.5% surge in passenger revenue for January.

On the downside

Although Microvision (Nasdaq: MVIS) narrowed fourth quarter losses, revenue dropped to fall short of estimates.

Invesco (NYSE: IVZ) reported that its assets under management for 2010 has fallen from end of December levels.

II-VI (Nasdaq: IIVI) withdrew its $10 per share acquisition offer for Zygo (Nasdaq: ZIGO).

In the broad market, advancing issues were on par with decliners on the NYSE while advancers barely edged out decliners by a slim margin on Nasdaq. The Russell 2000 which tracks small cap stocks added 2 points to 669.

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This page contains a single entry by published on March 9, 2010 6:43 AM.

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