Wholesale Prices Soar, Markets Slip

A greater than expected gain in wholesale prices weighed down the markets to a lower close with the Dow falling 49 points to 10,452. Nasdaq dropped 11 points to 2201.

On the upside

Mad Money's Jim Cramer recommended Fluor (NYSE: FLR) citing the company's significant backlog.

Steak n Shake (NYSE: SNS) reversed year ago losses to post a profit for the fourth quarter as revenue rose.

TheStreet.com recommended that investors sell Dell (Nasdaq: DELL) but the stock price rose.

On the downside

Nasdaq notified Cyclacel Pharmaceuticals (Nasdaq: CYCC) that it was not in compliance with the $10 million market capital requirement for listing on the exchange.

Gilead Sciences' (Nasdaq: GILD) high blood pressure medication darusentan failed a late stage clinical trial.

The International Air Transport Association widened its expected losses for the airline industry sending shares of UAL (Nasdaq: UAUA) and Continental Airlines (NYSE: CAL) tumbling.

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