Mixed Close Over Manufacturing Data

The markets closed mixed with the Dow slipping 8 points to 12,871 as disappointing manufacturing data sparked hope for additional stimulus measures. Nasdaq gained 16 points to 2951.

On the upside

Shares of Horizon Pharmaceuticals (Nasdaq: HZNP) rose in anticipation of regulatory approval of the company's rheumatoid arthritis treatment later this month.


Five Star Equities issued a research report on Patriot Coal (NYSE: PCX) saying that strong foreign demand will benefit the company.


Canaccord Genuity affirmed its Buy rating for Constellation Brands (NYSE: STZ).


On the downside


Youku (NYSE: YOKU) appointed Michael Xu to the position of chief financial officer.

Ryan & Maniskas filed a class action lawsuit against Tempur-Pedic International (NYSE: TPX) for securities violations.

Barclays downgraded PennVirgina (NYSE: PVA) to an Underweight rating.

In the broad market, advancing outpaced decliners by a margin of 7 to 3 on the NYSE and by more than 5 to 3 on Nasdaq. The Russell 2000 which tracks small cap stocks climbed 9 points to 807.

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