Mixed Close On Economic Data
Durable goods orders climbed more than expected last month while pending home sales fell. The markets closed mixed with the Dow losing 14 points to 13,881 while Nasdaq rose 4 points to 3154.
On the upside
Shares of Zynga (Nasdaq: ZNGA) rose ahead of its earnings release next week.
Shares of RadioShack (NYSE: RSH) continued rising after Stockpickr noted on Friday that the electronics retailer was one of three stocks under $5 experiencing large upside movement.
The Food and Drug Administration approved three diabetes drugs that Furiex Pharmaceuticals (Nasdaq: FURX) developed with Takeda.
On the downside
Shares of Herbalife (NYSE: HLF) fell after the Federal Trade Commission shut down Fortune Hi-Tech as a pyramid scheme. Nam Tai Electronics (NYSE: NTE) reversed year ago losses to post a profit for the fourth quarter but concerns about Apple product sales weighed down the stock.
Shares of 8x8 (Nasdaq: EGHT) continued falling after a downgrade on Friday.
In the broad market, declining issues outpaced advancers by a margin of more than 7 to 5 on the NYSE while advancers edged out decliners by more than 9 to 7 on Nasdaq. The broader S&P 500 index slipped 2 points to 1500.
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