The markets recovered losses in late afternoon trading to close higher with the Dow climbing 68 points to 11,061 despite fears that Greece may be on the verge of a default. Nasdaq gained 27 points to 2495.
On the upside
Coldwater Creek (Nasdaq: CWTR) chief executive Dennis Pence purchased approximately 686 million shares of company stock last week.
Kodak's (NYSE: EK) NEXPRESS SX3300 Digital Production Color Press received the highest rating for photographic print quality in a study conducted by SpencerLab Digital Color Laboratory.
Benchmark analyst Gary Mobley suggested that EZchip Semiconducor (NYSE: EZCH) may be an acquisition target in the wake of Broadcom's (Nasdaq: BRCM) purchase of NetLogic (Nasdaq: NETL).
On the downside
CTC Media (Nasdaq: CTCM) lowered its full year revenue growth guidance.
Falling silver prices weighed down shares of First Majestic Silver (NYSE: AG).
Level 3 Communications (Nasdaq: LVLT) will present at the Bank of America Merrill Lynch 2011 Media, Communications & Entertainment Conference on September 15 and at the Goldman Sachs 20th Annual Communacopia Conference on September 22 but the stock price slipped.
In the broad market, declining issues outpaced advancers by a margin of nearly 9 to 7 on the NYSE while advancers edged out decliners by nearly 5 to 4 on Nasdaq. The Russell 2000 which tracks small cap stocks gained 5 points to 679.
