Mixed Close Ahead Of European Summit

It was a mixed close for the markets with the Dow gaining 46 points to 12,196 ahead of the European summit to manage the debt crisis. Nasdaq eased a fraction to 2649.

On the upside

Men's Wearhouse (NYSE: MW) reported higher third quarter earnings that beat analyst expectations as prices rose and the company lifted its full year guidance.

CRT Capital upgraded U. S. Airways (NYSE: LCC) to a Buy rating.

Royale Energy (Nasdaq: ROYL) won the wide lease sale for the North Slope Area acreage in Alaska.

On the downside

Halliburton (NYSE: HAL) denied allegations by BP (NYSE: BP) that it destroyed evidence related to the 2010 Deepwater Horizon explosion but the stock price dropped.

Investors locked in profits on Clearwire (NYSE: CLWR), whose stock price climbed yesterday after announcing a stock offering to raise $595 million.

Juniper Networks (NYSE: JNPR) partnered with Sojitz subsidiary NISSHO to form J Network Initiative but the stock price fell.

In the broad market, advancing issues outpaced decliners by a margin of more than 10 to 9 on the NYSE while decliners edged out advancers by more than 10 to 9 on Nasdaq. The Russell 2000 which tracks small cap stocks eased a fraction to 746.

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