Concerns about significant banking losses from stalled foreclosures sent the Dow down 31 points to close at 11,062. Nasdaq soared 33 points to 2468 over impressive Google earnings.
On the upside
Essilor International will acquire a 50% stake in Shamir Optical Industry (Nasdaq: SHMR).
Inhibitex (Nasdaq: INHX) completed enrolling patients in a Phase II clinical trial of its shingles treatment FV-100.
Computer Sciences (NYSE: CSC) received approximately $4 billion in government contracts during 2009 fiscal year even though the company owed wages and benefits to over 250 employees.
On the downside
Credit card defaults rose in September for Capital One Financial (NYSE: COF).
A government investigation into China's green tech subsidies weighed down shares of Chinese solar stocks JA Solar Holdings (Nasdaq: JASO), ReneSola (NYSE: SOL) and Trina Solar (NYSE: TSL).
DJSP Enterprises (Nasdaq: DJSP) eliminated approximately 10% of its staff.
In the broad market, declining issues outpaced advancers by a margin of nearly 3 to 2 on the NYSE and by nearly 10 to 9 on Nasdaq. The Russell 2000 which tracks small cap stocks slipped a point to 703.
