Lower Close As Jobless Claims Rise

Rising jobless claims and wholesale prices weighed the markets down to a lower close with the Dow losing 23 points to 11,731. Nasdaq slipped 2 points to 2735.

On the upside

RBC Capital Markets lifted its price target on ARM Holdings (Nasdaq: ARMH).

TTM Technologies (Nasdaq: TTMI) lifted its fourth quarter guidance well above analyst estimates due to increasing demand.

China MediaExpress Holdings (Nasdaq: CCME) signed three new long-term advertising contracts.

On the downside

MSCI (NYSE: MSCI) reported higher fourth quarter earnings but warned of slowing margin growth.

Shares of Goodyear Tire & Rubber (NYSE: GT) fell as natural rubber prices continued soaring.

Dell (Nasdaq: DELL) announced that Steve Shuckenbrock will replace Peter Altabef as president of services.

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