Mixed Close Over Factory Orders
It was a mixed close for the markets with the
Dow losing 12 points to 12,569 while Nasdaq gained 9 points to 2825 as factory orders rose but the increase fell short of analyst expectations.
On the upside
National Oilwell Varco (NYSE: NOV) will pay approximately $772 million in cash to acquire Ameron International (NYSE: AMN).
Silver prices rose to lift shares of Endeavor Silver (NYSE: EXK), First Majestic Silver (NYSE: AG) and Silver Wheaton (NYSE: SLW).
Baidu (Nasdaq: BIDU) partnered with Microsoft (Nasdaq: MSFT) to use Bing for some English language searches.
IMAX (NYSE: IMAX) reported $23.1 million in global revenue for Transformers: Dark of the Moon 3D but the stock price dropped over concerns that audiences continue to favor 2D movies over 3D.
The Building Societies Association in the United Kingdom said that it is the responsibility of large banks to carry the costs of banking system reforms in the United Kingdom and that Lloyds (NYSE: LYG) must divest more of its holdings.
Shares of US Airways (NYSE :LCC) continued falling after Sabre Holdings requested dismissal last week of an antitrust lawsuit filed by the airliner.
In the broad market, advancing issues barely edged out decliners by a slim margin on both the NYSE and on Nasdaq. The Russell 2000 which tracks small cap stocks edged up a point to 841.
