Flat Close As Japan's Economic Growth Slows

It was a flat close for the markets with the Dow easing a point to 10,302 over concerns that Japan's slowing economic growth will spread to other countries. Nasdaq rose 8 points to 2181.

On the upside

Hauppauge Digital (Nasdaq: HAUP) swung to a third quarter profit as revenue rose and expenses fell.

Wedbush upgraded Calgon Carbon (NYSE: CCC) to an Outperform rating on Friday.

BPZ Resources (NYSE: BPZ) received an Extended Well Testing permit through November 30, 2010 for the CX11-17D well in the Corvina field in Block Z-1.

On the downside

Shares of Great Atlantic & Pacific Tea (NYSE: GAP) continued to fall after announcing the closure of 25 stores on Friday.

Flextronics International (NYSE: FLEX) announced a plan on Friday to repurchase up to $200 million in stock.

Deutsche Bank analyst Robyn Karnauskas initiated coverage of Gilead Sciences (Nasdaq: GILD) with a Buy rating and a price target of $42.

In the broad market, advancing issues outpaced decliners by a margin of nearly 5 to 3 on both the NYSE and on Nasdaq. The Russell 2000 which tracks small cap stocks gained 5 points to 615.

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