The markets closed higher with the Dow gaining 53
points to 11,613 as unemployment rates in most major metropolitan areas dropped in July. Nasdaq added 3
points to
2579.
Shares of Clearwire (Nasdaq: CLWR) climbed after the sued to prevent AT&T's (NYSE: T) $39 billion purchase of T-Mobile.
Genesco (NYSE: GCO) narrowed second quarter losses as revenue climbed.
Mitek Systems (Nasdaq: MITK) president and chief executive officer James DeBello will ring The NASDAQ Stock Market closing bell on Wednesday, September 7.
On the downside
Investors locked in profits on Coffee Holding (Nasdaq: JVA), whose shares climbed on Monday after The Bedford Report issued a research report on the coffee sector.
Shares of MGIC (NYSE: MTG) continued falling after a Seeking Alpha contributor wrote yesterday that more mortgage defaults are expected.
Profit taking weighed down shares of Eastman Kodak (NYSE: EK). The stock price rose on Monday after a Seeking Alpha contributor wrote that Eastman Kodak was undervalued.
In the broad market, advancing issues outpaced decliners by a margin of nearly 2 to 1 on the NYSE while advancers were on par with decliners on Nasdaq. The Russell 2000 which tracks small cap stocks eased a point to 726.
