Flat Close As Japan's Economic Growth Slows
It was a flat close for the markets with the Dow easing a point to 10,302 over concerns that Japan's slowing economic growth will spread to other countries. Nasdaq rose 8 points to 2181.
On the upside
Hauppauge Digital (Nasdaq: HAUP) swung to a third quarter profit as revenue rose and expenses fell.
Wedbush upgraded Calgon Carbon (NYSE: CCC) to an Outperform rating on Friday.
BPZ Resources (NYSE: BPZ) received an Extended Well Testing permit through November 30, 2010 for the CX11-17D well in the Corvina field in Block Z-1.
On the downside
Shares of Great Atlantic & Pacific Tea (NYSE: GAP) continued to fall after announcing the closure of 25 stores on Friday.
Flextronics International (NYSE: FLEX) announced a plan on Friday to repurchase up to $200 million in stock.
Deutsche Bank analyst Robyn Karnauskas initiated coverage of Gilead Sciences (Nasdaq: GILD) with a Buy rating and a price target of $42.
In the broad market, advancing issues outpaced decliners by a margin of nearly 5 to 3 on both the NYSE and on Nasdaq. The Russell 2000 which tracks small cap stocks gained 5 points to 615.
