The markets closed mixed with the Dow climbing 66 points to 13,212 as modest uptick in incomes tempered enthusiasm for higher consumer spending. Nasdaq lost 3 points to 3091.
On the upside
The Wall Street Journal reported that Liz Claiborne (NYSE: LIZ) engaged in possible acquisition discussions with several private equity firms.
ZaZa Energy (Nasdaq: ZAZA) expanded its Eaglebine trend holdings to more than 144,000 gross acres and will commence a six-well continuous drilling program in May 2012.
Shares of Rexnord (NYSE: RXN) continued to climb on its second trading day.
On the downside
Shares of Orexigen Therapeutics (NYSE: OREX) fell after a Food and Drug Administration advisory panel recommended the assessment of heart risks for obesity treatments.
Oppensheimer downgraded InvenSense (NYSE: INVN) to a Market Perform rating.
In the broad market, advancing issues outpaced decliners by a margin of 7 to 5 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 point to 830.