Mixed Close As Upbeat Retail Sales Tempers Debt Limit Concerns
The markets closed mixed with the Dow rising 27 points to 13,534 as better than expected retail sales tempered concerns about the debt limit. Nasdaq slipped 6 points to 3110.
On the upside
Comcast (Nasdaq: CMCSA) will invest $150 million in Arris Group (Nasdaq: ARRS).
Quiksilver (NYSE: ZQK) global brand president and chief operating officer Craig Stevenson sold nearly 20,000 shares of company stock.
Aeropostale (NYSE: ARO) partnered with DoSomething.org to launch their sixth annual Teens for Jeans campaign to collect one million pair of jeans for homeless teens.
On the downside
Stifel Nicolaus downgraded TTM Technologies (Nasdaq: TTMI) from a Buy rating to Hold. Facebook's (Nasdaq: FB) new Graph Search tool allowing users to search for information shared by friends weighed down shares of Yelp (Nasdaq: YELP).
Body Central (Nasdaq: BODY) lowered its fourth quarter earnings outlook and slashed its 2012 earnings guidance.
In the broad market, advancing issues outpaced decliners by a margin of more than 9 to 7 on the NYSE and by more than 10 to 9 on Nasdaq. The broader S&P 500 index added a point to 1472.
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