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June 04, 2012 at 17:54 PM EDT
Mixed Close As G7 Prepares For Emergency Talks

The markets closed mixed with the Dow losing 17 points to 12,101 as the Group of Seven prepared for emergency discussions tomorrow to address the deepening debt crisis in Europe. Nasdaq rose 12 points to 2760.

On the upside

Canaccord analyst Scott Van Winkle upgraded Smart Balance (Nasdaq: SMBL) to a Buy rating and lifted his price target from $6.50 to $8.00.


Reported discussions to use European bailout funds to support banks lifted shares of Banco Santander (NYSE: STD).


Shares of Microvision (Nasdaq: MVIS) continued climbing after announcing the receipt of a $4 million purchase order from Pioneer last week.


On the downside


Acadia Healthcare (NYSE: ACHC) is presenting at the 2012 Jefferies Global Healthcare Conference this week in New York.


Midstates Petroleum (NYSE: MPO) participated in the RBC Capital Markets Global Energy and Power Conference in New York today.

Shares of PulteGroup (NYSE: PHM) continued dropping after a weak job creations report was released last week.

In the broad market, declining issues outpaced advancers by a margin of more than 4 to 3 on the NYSE while decliners were on par with advancers on Nasdaq. The Russell 2000 which tracks small cap stocks eased a fraction to 737.

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