Economic Indicators Rise, Markets Trade Mixed

The markets traded mixed during the midday with the Dow gaining 61 points to 11,832 as the Conference Board's index of leading economic indicators climbed more than expected while Congress continued to wrestle with the nation's deficit. Nasdaq lost 5 points to 2582.

On the upside

Dahlman Rose upgraded American Airlines parent AMR (NYSE: AMR) to a Hold rating from a Sell rating.

Shares of Mattress Firm Holding (Nasdaq: MFRM) surged on its first trading day.

Mentor Graphics (Nasdaq: MENT) reported sharply higher third quarter earnings that beat analyst expectations.

On the downside

Ann (NYSE: ANN) reported higher third quarter earnings that topped analyst estimates but same store sales at its Ann Taylor stores posted only a modest 2.5% increase.

MoneyGram (NYSE: MGI) priced its secondary offering of 9.3 million common shares at the discounted price of $16.25 per share.

Stifel Nicolaus downgraded Exco Resources (NYSE: XCO) to a Hold rating from a Buy rating.

In the broad market, advancing issues outpaced decliners by a margin of 5 to 3 on the NYSE and by more than 10 to 9 on Nasdaq. The Russell 2000 which tracks small cap stocks added a point to 720.

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