Markets Recover To Close Flat

The markets recovered losses in late afternoon trading to close flat with the Dow adding 4 points to 12,878. Nasdaq held steady at 2931.

On the upside

Five Star Equities expects a global economic recovery to boost DryShips' (Nasdaq: DRYS) revenue.


A Seeking Alpha contributor listed EXCO Resources (NYSE: XCO) as one of five energy stocks that are undervalued.

MedAssets (Nasdaq: MDAS) retained the services of J. P. Morgan to explore strategic alternatives.


On the downside


Investors locked in profits on Complete Genomics (Nasdaq: GNOM), whose stock price surged yesterday on the company's deal with the Mayo Clinic.


Shares of MEMC Electronic Materials (NYSE: WFR) fell ahead of its earnings release tomorrow after market close.

Alnylam Pharmaceuticals (Nasdaq: ALNY) will offer 7 million common shares to the public.

In the broad market, declining issues outpaced advancers by a margin of more than 5 to 3 on the NYSE and by nearly 5 to 3 on Nasdaq. The Russell 2000 which tracks small cap stocks slipped 4 points to 820.

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