Modestly Lower Close Over Job Concerns

The markets slipped to close modestly lower with the Dow falling 29 points to 9280 as concerns about job losses continue to weigh on investors. Nasdaq slipped a point to 1967.

On the upside

Motorola (NYSE: MOT) introduced its new advanced data capture solutions to improve productivity.

Goldman Sachs analyst Noah Poponak upgraded Textron (NYSE: AAPL) saying that business is poised to improve.

Yamana Gold (NYSE: AUY) declared a quarterly dividend of a penny per share payable on October 14, 2009 to shareholders of record September 30, 2009.

MDS (NYSE: MDZ) will sell its MDS Analytical Technologies unit to Danaher (NYSE: DHR) for approximately $650 million in cash.

On the downside

SeaChange International (Nasdaq: SEAC) disappointed by swinging to a second quarter loss that was greater than expected.

Third quarter earnings and revenue for Applied Signal Technology (Nasdaq: APSG) slipped to fall short of estimates.

Synovis Life Technologies (Nasdaq: SYNO).

In the broad market, declining issues outpaced advancers by a margin of more than 7 to 5 on the NYSE and by nearly 10 to 9 on Nasdaq. The Russell 2000 which tracks small cap stocks lost 2 points to 555.

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