Markets Close Lower On Final Trading Day Of 2009

The markets closed lower on the final trading day of 2009 with the Dow tumbling 120 points to 10,428 in extremely light trading. Nasdaq dropped 22 points to 2269.

On the upside

Mace Security International (Nasdaq: MACE) will advance former chief executive Louis D. Paolino $250,000 for legal fees.

Citigroup upgraded Wimm Bill Dann Foods (NYSE: WBD).

Analysts upgraded Popular (Nasdaq: BPOP) from three star status to four star status.

On the downside

MarketWatch's John Dvorak does not expect Dell (Nasdaq: DELL) to do well next year and placed the company on his loser list for 2010.

Shares of Alcoa (NYSE: AA) fell after UC RUSAL, the world's largest aluminum maker, announced plans to raise nearly $2.6 billion through an initial public offering in Hong Kong.

General Electric (NYSE: GE) lost 5.25% in 2009.

In the broad market, declining issues outpaced advancers by a margin of nearly 2 to 1 on the NYSE and by 5 to 3 on Nasdaq. The Russell 2000 which tracks small cap stocks tumbled 8 points to 625.

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