Markets Mixed At Midday
The markets traded mixed during the midday with the Dow rising 10 points to 10,923 as manufacturing activity expanded in September. Nasdaq lost 4 points to 2410.
On the upside
The settlement of a patent infringement suit filed by The Medicines Co. (Nasdaq: MDCO) against Teva Pharmaceutical (Nasdaq: TEVA) will allow Teva to begin making a generic version of The Medicines' anticlotting drug Angiomax in 2019.
Wolverine Worldwide (NYSE: WWW) reported higher third quarter earnings that beat analyst expectations.
ABC News (NYSE: DIS) partnered with Yahoo (Nasdaq: YHOO) to deliver digital news to 100 million people.
On the downside
Demand growth for international air travel slowed in August to weigh down shares of American Airlines parent AMR (NYSE: AMR).
Century Aluminum (Nasdsaq: CENX) will announced third quarter earnings after market close on Tuesday, October 25, 2011.
Forbes said that Whiting Petroleum (NYSE: WLL) was oversold.
In the broad market, declining issues outpaced advancers by a margin of more than 5 to 3 on the NYSE and by more than 7 to 5 on Nasdaq. The Russell 2000 which tracks small cap stocks eased a point to 642.
