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Mixed Markets Over Economic Data

By: MarketMinute.com Market Updates

July 05, 2012 at 12:18 PM EDT

The markets traded mixed during the midday with the Dow losing 23 points to 12,919 while Nasdaq rose 5 points to 2981 as upbeat jobs data tempered a drop in service sector growth.
On the upside
Ross Stores (Nasdaq: ROST) reported a greater than expected 7% increase in June same store sales.
June same store sales climbed more than expected for Limited Brands (NYSE: LTD).
Increasing use of coal in Europe continued to lift shares of James River Coal (Nasdaq: JRCC).
On the downside
Profit taking weighed down shares of Spanish banks Banco Santander (NYSE: SAN) and Banco Bilbao (NYSE: BBVA).
Intel (Nasdaq: INTC) lawyers told a European Union appeals court that a 2009 $1.33 billion fine was based on "utter nonsense."
Global economic concerns weighed down shares of JPMorgan Chase (NYSE: JPM).
In the broad market, declining issues outpaced advancers by a margin of more than 9 to 7 on both the NYSE and on Nasdaq. The Russell 2000 which tracks small cap stocks edged up a fraction to 818.

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