Mixed Markets On Mounting Support For Syrian Strikes

The markets traded mixed during the midday with the Dow slipping 18 points to 14,791 as Congressional support for military action in Syria grew. Nasdaq gained 18 points to 3608.

On the upside

Nomura Equity Research analyst Stuart Jeffrey wrote that Nokia (NYSE: NOK) may explore an acquisition of Alcatel-Lucent (NYSE: ALU).

Barron's wrote that Soufun's (NYSE: SFUN) valuation was reasonable.

Global Hunter Securities upgraded Key Energy Services (NYSE: KEG) from a Neutral rating to a Buy rating.


On the downside


BioScrip (Nasdaq: BIOS) vice president of finance Bogusz Patricia recently sold 39,687 shares of stock.


Verizon Communications (NYSE: VZ) will pay approximately $130 billion to acquire Vodafone Group's (Nasdaq: VOD) 45% stake in Verizon Wireless.

An independent safety committee recommended that ArQule (Nasdaq: ARQL) lower the dosage of its liver cancer drug tivantinib after a number of study patients experienced low white blood cell counts.

In the broad market, advancing issues outpaced decliners by a margin of more than 5 to 4 on the NYSE and by nearly 7 to 3 on Nasdaq. The broader S&P 500 added 3 points to 1636.

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