Markets Extend Losses At Midday
The markets extended its losses during the midday with the Dow
plummeting 166
points to 11,153 despite Warren Buffet's infusion of $5 billion into Bank of America. Nasdaq plunged 41
points to
2426.
A Seeking Alpha contributor named MGIC Investment (NYSE: MTG) as one of seven stocks under $5 that may double next year.
Equity Markets issued a research report on Universal Panel (Nasdaq: PANL).
A123 Systems (Nasdaq: AONE) will supply battery packs for ALTe's light trucks.
On the downside
GenOn Energy (NYSE: GEN) announced the departure of president and chief operating officer Mark M. Jacobs.
Delta Air Lines (NYSE: DAL) will pay $8.5 billion to purchase 100 new Boeing (NYSE: BA) 737 jets.
Solera Holdings (Nasdaq: SLH) blamed higher expenses for a drop in fourth quarter earnings.
In the broad market, declining issues outpaced advancers by a margin of nearly 7 to 3 on the NYSE and by nearly 5 to 2 on Nasdaq. The Russell 2000 which tracks small cap stocks fell 8 points to 683.
