Disappointing holiday sales weighed the markets down to a lower close the Dow losing 24 points to 13,114. Nasdaq fell 22 points to 2990. On the upside
A stronger than expected increase in October home prices lifted shares of mortgage insurer MGIC Investment (NYSE: MTG). Expectations that China's urbanization plan will spur energy demand lifted shares of Suntech Power Holdings (NYSE: STP) and Yingli Green Energy (NYSE: YGE). Seeking Alpha expects Aveo's (Nasdaq: AVEO) renal cancer treatment Tivozanib to be approved next year. On the downside A jury ordered Marvell Technology (Nasdaq: MRVL) to pay $1.17 billion for infringing on two Carnegie Mellon University patents.Zacks added Aeropostale (NYSE: ARO) to its Strong Sell list. Disappointing retail sales prompted Ann (NYSE: ANN) to offer 50% off discounts at its Loft stores. In the broad market, declining issues outpaced advancers by a margin of more than 5 to 3 on both the NYSE and on Nasdaq. The broader S&P 500 index slipped 6 points to 1419.