Mixed Markets As GDP Revised Down

The nation's economy expanded at a lower 2% annual pace in the third quarter than originally estimated. The markets traded mixed during the midday with the Dow losing 8 points to 11,538 while Nasdaq rose 7 points to 2530.

On the upside

Forbes said yesterday that Kinross Gold (NYSE: KGC) was oversold.

Suntech Power (NYSE: STP) reported a loss for the third quarter but revenue rose to surpass analyst expectations and the company expects the German market to improve in 2012.

Valspar (NYSE: VAL) swung to a loss for the fourth quarter due to a significant impairment charge but the results beat analyst estimates.

On the downside

LivingSocial's national Black Friday deals weighed down shares of rival Groupon (Nasdaq: GRPN), which is not offering Black Friday bargains.

Morgan Stanley analyst Francois Meunier issued a cautious note on Alcatel-Lucent (NYSE: ALU) cut his fourth quarter revenue forecast citing a very difficult environment.

Third quarter earnings fell for Chico's FAS (NYSE: CHS) to miss expectations due to increased discounting.

In the broad market, advancing issues outpaced decliners by a margin of more than 10 to 9 on the NYSE and by nearly 10 to 9 on Nasdaq. The Russell 2000 which tracks small cap stocks added a point to 703.

Stock Market XML and JSON Data API provided by FinancialContent Services, Inc.
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
Privacy Policy and Terms and Conditions.
Press Release Service provided by PRConnect.
Stock quotes supplied by Six Financial
Postage Rates Bots go here