Rising Gas Prices Tempers Enthusiasm Over Gain In Confidence

Consumer confidence rose in December but a rise in gasoline prices dampened investor enthusiasm. The markets traded mixed during the midday with the Dow adding 9 points to 10,556 while Nasdaq lost 2 points to 2288.

On the upside

FuelCell Energy's (Nasdaq: FCEL) vice president of government business development Bill Foster said that the company is working with the government to increase support and promotion of the green technology of fuel cells.

Rite Aid (NYSE: RAD) introduced its new Rite Weight Plan in partnership with fitness expert Denise Austin and weight control program Lindora.

CapitalSource (NYSE: CSE) received approximately $119 million from mortgages guaranteed by the Department of Housing and Urban Development.

On the downside

Palm's (Nasdaq: PALM) latest webOS 1.3.5 does not include media synching with iTunes.

Nokia (NYSE: NOK) filed a complaint with the International Trade Commission accusing Apple (Nasdaq: AAPL) of patent infringement.

Canada will no longer allow carry-on bags on flights destined for the United States. Shares of United Air Lines parent UAL (Nasdaq: UAUA) and U.S. Airways (NYSE: LCC) fell.

In the broad market, advancing issues edged out decliners by a slim margin on the NYSE while decliners barely outpaced advancers on Nasdaq. The Russell 2000 which tracks small cap stocks eased a fraction to 632.

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