Mixed Close On Final Trading Day
On the final trading day of 2010, the markets closed mixed with the Dow adding 7 points to 11,577. Nasdaq lost 10 points to 2652.
On the upside
ArcelorMittal (NYSE: MT) increased its offer to purchase Baffinland Iron Mines to $551 million.
A&G Capital Research chief investment officer Hilary Kramer expects China Nepstar (NYSE: NPD) to do well in 2011.
Randy Durig of Durig Capital wrote that China Yuchai International (NYSE: CYP) outperforms its peers and is undervalued.
On the downside
Huntington Bancshares (Nasdaq: HBAN) was the fifth biggest gainer on the S&P 500 in 2010 but the stock price fell.
Exxon Mobil (NYSE: XOM) blamed a compressor malfunction for releasing nitrogen oxide and nitrogen dioxide at its fininshing plant in Louisiana.
Assured Guaranty (NYSE: AGO) chief executive Dominic Frederico was listed as the fifth worst-performing CEO of 2010 in the financial sector.
In the broad market, advancing issues edged out decliners by a margin of more than 9 to 7 on the NYSE while decliners outpaced advancers by nearly 7 to 5 on Nasdaq. The Russell 2000 which tracks small cap stocks fell 6 points to 783.
