Flat Close As Fear Of Soaring Oil Prices Tempers Tax Cut Enthusiasm
It was a flat close for the markets with the Dow easing 3 points to 11,359 despite an extension of tax cuts as analysts predict a surge in crude oil prices next year. Nasdaq added 3 points to 2598.
On the upside
Zix (Nasdaq: ZIXI) chairman and chief executive Rick Spurr will present at the Small Cap Ideas Conference on December 16, 2010 hosted by First Midwest Securities.
MoneyGram International (NYSE: MGI) launched its international money transfer service at 8,000 State Savings Bank of Russian Federation branches.
RealPage (Nasdaq: RP) will net approximately $97.7 million from a stock offering.
On the downside
Milberg LLP and Sarraf Gentile LLP both filed class action lawsuits against China Education Alliance (NYSE: CEU) alleging securities fraud.
SWS Group (NYSE: SWS) will offer $95 million in convertible senior notes.
US Airways (NYSE: LCC) fell to fourth place and lost its number one ranking in the Department of Transportation's October Air Travel Consumer Report measuring consumer satisfaction.
In the broad market, declining issues barely edged out advancers by a slim margin on the NYSE while advancers outpaced decliners by 9 to 7 on Nasdaq. The Russell 2000 which tracks small cap stocks climbed 8 points to 764.
