Upbeat Retail Sales Lift Markets To Higher Close

Upbeat retail sales data lifted the markets to a modestly higher close with the Dow climbing 56 points to 9683. Nasdaq gained 10 points to 2102.

On the upside

Microvision (Nasdaq: MVIS) introduced the world's first laser-based pico projector.

Regions Financial (NYSE: RF) chief executive Dowd Ritter said that the bank does not need to raise more capital.

Sanford C. Bernstein analyst Jeffrey Lindsay upgraded Yahoo (Nasdaq: YHOO) saying that the stock is undervalued.

On the downside

Coventry Health Care's (NYSE: CVH) Workers Comp division will be able to use MedRisk's physical therapists, occupational therapists and chiropractors.

UBS downgraded Health Net (NYSE: HNT).

Glimcher Realty Trust (NYSE: GLR) announced plans to sell a mall in Portland, Oregon and will extend its $470 million credit agreement.

In the broad market, advancing issues edged out decliners by a margin of nearly 5 to 2 on the NYSE and by a margin of more than 7 to 5 on Nasdaq. The Russell 2000 which tracks small cap stocks added 4 points to 604.

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