The markets opened flat with the Dow edging up a fraction to 12,654 as home prices dropped and consumer confidence slipped. Nasdaq added 4 points to 2816.
On the upside
ARM Holdings (Nasdaq: ARMH) reported higher fourth quarter earnings as sales climbed to beat expectations.
U. S. Steel (NYSE: X) narrowed fourth quarter losses as revenue rose to surpass estimates.
Fourth quarter earnings rose for Mattel (Nasdaq: MAT) to top analyst expectations prompting the toymaker to raise its dividend.
On the downside
RadioShack (NYSE: RSH) warned of sharply lower fourth quarter earnings that will fall far short of analyst expectations and suspended its stock repurchase program.
Second quarter earnings plunged for Archer Daniels Midland (NYSE: ADM) to miss expectations by a wide margin due to a significant impairment charge.
Lexmark International (NYSE: LXK) reported lower fourth quarter earnings and revenue.
In the broad market, advancing issues outpaced decliners by a margin of nearly 5 to 4 on the NYSE while decliners barely edged out advancers by a slim margin on Nasdaq.
Nasdaq quotes delayed at least 15 minutes, all others at least 20 minutes.
Markets are closed on certain holidays. Stock Market Holiday List
By accessing this page, you agree to the following
Press Release Service provided by PRConnect.
Stock quotes supplied by Six Financial
Postage Rates Bots go here