Mixed Close As Dell Lowers Outlook
The markets recovered earlier losses to close mixed with the Dow adding 4
points to 11,410 as retailers posted upbeat results while Dell lowered its full year outlook. Nasdaq lost 11
points to
2511.
On the upside
Billionaire investor Wilbur Ross acquired shares of The Governor and Company of The Bank of Ireland (NYSE: IRE) last week.Shares of Youku.com (NYSE: YOKU) climbed after the stock price of rival Tudou Holdings (Nasdaq: TUDO) tumbled on its first trading day.
The Wall Street Journal reported that MarketAxess (Nasdaq: MKTX) may be exploring a possible sale of the electronic trading platform.
On the downside
TheStreet contributor Eric Jackson expects the stock price E-Commerce China Dangdang (Nasdaq: DANG) to drop as margins continued to fall.
Liberty Media may acquire a minority stake in Barnes & Noble (NYSE: BKS) instead of purchasing the entire company.
Negative comments from Mad Money's Jim Cramer weighed down shares of Travelzoo (NYSE: TZOO).
In the broad market, advancing issues outpaced decliners by a margin of more than 3 to 2 on the NYSE while decliners edged out advancers by more than 10 to 9 on Nasdaq. The Russell 2000 which tracks small cap stocks eased a fraction to 704.
