Markets Close Mixed As Repossessed Homes Surge To Record High

The markets closed mixed with the Dow losing 17 points to 10,526 while Nasdaq added 4 points to 2289 as the number of repossessed homes surged to a record high in August

On the upside

Radware (Nasdaq: RDWR) signed Austrian Kapsch CarrierCom as a reseller partner to expand its global reach.

Zumiez (Nasdaq: ZUMZ) lifted its guidance for the third quarter above analyst estimates citing improving sales and product margins.

Rising gold prices lifted shares of Iamgold (NYSE: IAG) and AngloGold Ashanti (NYSE: AU).

On the downside

Volcano Corp. (Nasdaq: VOLC) will offer $100 million in convertible senior notes.

Wabash National (NYSE: WNC) priced its offering of more than 9 million common shares at $6.75 per share.

According to the Nikkei English News, the International Maritime Organization is considering regulations lowering carbon dioxide emissions from new container ships by 30% weighing down shares of DryShips (Nasdaq: DRYS).

In the broad market, declining issues outpaced advancers by a margin of nearly 5 to 4 on the NYSE and by more than 9 to 7 on Nasdaq. The Russell 2000 which tracks small cap stocks lost 3 points to 649.