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Greek Measures May Fall Short, Markets Close Flat
By: MarketMinute.com Market Updates
Posted on February 09, 2012 at 17:12 PM EST

Greek officials agreed on austerity measures but Germany questioned whether the conditions were stringent enough for Greece to receive a second round of bailout funds. The markets closed flat with the Dow adding 6 points to 12,890. Nasdaq rose 11 points to 2927.

On the upside

Teradata (NYSE: TDC) reported higher fourth quarter earnings that topped analyst estimates as revenue climbed.


Deutsche Bank analyst Vishal Shah wrote of increasing solar demand lifting shares of JinkoSolar (NYSE: JKS), LDK Solar (NYSE: LDK), Renesola (NYSE: SOL), Suntech Power (NYSE: STP) and Trina Solar (NYSE: TSL).

Fourth quarter earnings climbed for Covanta (NYSE: CVA) to beat expectations as revenue rose.


On the downside


Analysts downgraded A123 Systems (Nasdaq: AONE) after the battery maker's largest customer, Fisker Automotive, stopped construction on a factory in Delaware.


ING Groep (NYSE: ING) reported higher fourth quarter earnings due to asset sales but results for its banking division plunged and the company still must repay euro3 billion in bailout funds.

Fourth quarter earnings plummeted for General Cable (NYSE: BGC) to fall short of analyst expectations as margins shrank.

In the broad market, advancing issues barely edged out decliners by a slim margin on the NYSE while decliners outpaced advancers by nearly 9 to 7 on Nasdaq. The Russell 2000 which tracks small cap stocks lost 3 points to 824.

Related Stocks:
A123 SYSTEMS, Inc. Covanta Holding Dow Jones Industrial Average (EOD) General Cable Corp. ING Groep N.V. ADS JinkoSolar Holding Co ADS LDK Solar NASDAQ 100 NASDAQ Composite ReneSola Ltd. ADS Russell 1000 Index Russell 2000 Russell 3000 Index Standard & Poors 500 Suntech Power Holdings Co. ADS Teradata Trina Solar Ltd.
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