Markets Mixed Over Debt Deal Disagreements

The markets traded mixed during the midday with the Dow rising 31 points to 12,181 as disagreements arose over proposals to resolve the European debt crisis. Nasdaq eased 2 points to 2647.

On the upside

McClatchy (NYSE: MNI) reported that advertising revenue was beginning to recover in the current quarter.

Gannett (NYSE: GCI) chief executive Gracia Martore said that advertising trends improved in November.

Bankrate (NYSE: RATE) shareholders will offer 10.5 million shares to the public at $17.50 per share.

On the downside

Cowen analyst Doug Creutz downgraded THQ (Nasdaq: THQI) yesterday to a Neutral rating.

Investors locked in profits on Frontline (NYSE: FRO), whose stock price surged after announcing a restructuring plan.

Shares of Fusion-io (NYSE: FIO) continued to slide after the lock-up period expired yesterday on more than 8.7 million shares.

In the broad market, declining issues outpaced advancers by a margin of nearly 5 to 4 on the NYSE and by more than 5 to 3 on Nasdaq. The Russell 2000 which tracks small cap stocks slipped 2 points to 744.

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