Despite a drop in consumer sentiment, the markets closed modestly higher with the Dow rising 13 points to 10,607. Nasdaq gained 12 points to 2315.
On the upside
TheStreet listed Mindspeed Technologies (Nasdaq: MSPD) as a technology stock with the greatest upside potential.
NetSuite (NYSE: N) chief executive Zach Nelson said that the company would review any bids to acquire the company.
Biodel (Nasdaq: BIOD) appointed retired Merrill Lynch International chairman and current ArcherGroup chairman Arthur Urciuoli to its board of directors.
On the downside
KeyBanc analyst Mark Parr lowered his 2010 earnings outlook for Cliffs Natural Resources (NYSE: CLF) citing weak demand.
Auriga USA cut its earnings estimate and lowered its price target for Micron Technology (Nasdaq: MU) over margin concerns amidst weak demand.
JPMorgan Chase (NYSE: JPM) scheduled its third quarter conference call for October 13, 2010 at 9:00 am Eastern Time.
In the broad market, advancing issues outpaced decliners by a margin of nearly 7 to 5 on the NYSE and by more than 9 to 7 on Nasdaq. The Russell 2000 which tracks small cap stocks rose 3 points to 651.
