Markets Mixed At Midday As Oil Rises

March 10, 2010 10:12 AM |
The markets traded mixed during the midday with the Dow slipping 4 points to 10,560 as crude oil prices rose. Nasdaq gained 14 points to 2355.

 

On the upside

The Food and Drug Administration approved Oculus Innovative Sciences' (Nasdaq: OCLS) Microcyn Skin and Wound HydroGel.

Fourth quarter earnings for Harbin Electric (Nasdaq: HRBN) tripled.

Fourth quarter earnings for American Eagle Outfitters (NYSE: AEO) rose and the teen clothing and accessories retailer forecast strong first quarter results.

On the downside

Gushan Environmental Energy (NYSE: GU) disappointed with a wider than expected loss for the fourth quarter.

EQT (NYSE: EQT) will raise capital through the offering of 12.5 million common shares.

Shares of GenVec (Nasdaq: GNVC) fell ahead of its earnings release tomorrow after market close.

In the broad market, advancing issues outpaced decliners by a margin of nearly 3 to 2 on the NYSE and by more than 7 to 5 on Nasdaq. The Russell 2000 which tracks small cap stocks added 2 points to 672.

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This page contains a single entry by published on March 10, 2010 10:12 AM.

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