Drop In Jobless Claims Lifts Markets

The markets traded higher during the midday with the Dow climbing 68 points to 10,087 as initial jobless claims fall more than expected. Nasdaq gained 5 points to 2164.

On the upside

The Doctors Company will acquire American Physicians Capital (Nasdaq: ACAP) in an all cash deal valued at approximately $386 million.

Power-One (Nasdaq: PWER) will announce second quarter earnings after market close on Thursday, July 29.

Ruby Tuesday (NYSE: RT) will hold its fourth quarter earnings conference call on Thursday, July 22 at 4:30pm Eastern Time.

On the downside

Wet Seal (Nasdaq: WTSLA) disappointed with a much sharper than expected drop in same store sales.

Gap (NYSE: GPS) reported flat same store sales in June.

Same store sales rose less than expected for The TJX Cos. (NYSE: TJX).

In the broad market, advancing issues outpaced decliners by a margin of 3 to 2 on the NYSE and by nearly 9 to 7 on Nasdaq. The Russell 2000 which tracks small cap stocks added a point to 613.

Data & News supplied by www.cloudquote.io
Stock quotes supplied by Barchart
Quotes delayed at least 20 minutes.
By accessing this page, you agree to the following
Privacy Policy and Terms and Conditions.