Increased Holiday Spending Lifts Markets

Holiday shoppers increased their spending by a modest amount to lift the markets to a higher close with the Dow gaining 26 points to 10,547. Nasdaq added 5 points to 2291.

On the upside

An increase in holiday spending lifted shares of payment processing services firm LML Payment Systems (Nasdaq: LMLP).

Shares of airport security device maker ICX Technologies (Nasdaq: ICXT) rose after a failed attempt to blow up an airplane on Christmas Day.

Wunderlich upgraded RAM Energy Resources (Nasdaq: RAME).

On the downside

Investors were disappointed with Euro Tech Holdings' (Nasdaq: CLWT) six month income of approximately $11,000.

Financial Times suggested that Dell's (Nasdaq: DELL) expansion into IT services may not bear much financial fruit.

Motley Fool selected EMC (NYSE: EMC) as a better buy over NetApp (Nasdaq: NTAP) but EMC's stock price fell.

In the broad market, advancing issues edged out decliners by a margin of 10 to 9 on the NYSE while decliners outpaced advancers by nearly 9 to 7 on Nasdaq. The Russell 2000 which tracks small cap stocks rose 3 points to 634.

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