It was a mixed close for the markets with the Dow rising 25 points to 11,796 as investors kept a watchful eye on the European debt crisis. Nasdaq fell 15 points to 2572.
On the upside
Fourth quarter earnings climbed for Dolby Laboratories (NYSE: DLB) to surpass analyst expectations as revenue rose.
China Medical Technologies (Nasdaq: CMED) reported higher second quarter earnings.
Global Cash Access Holdings (NYSE: GCA) completed its acquisition of certain MCA Processing assets.
On the downside
Comments by Clearwire (Nasdaq: CLWR) chief executive Erik Pursch that the company may not make an interest payment that is due on December 1 sparked fears that the company may file for bankruptcy protection.
Credit Suisse downgraded Central European Distribution (NYSE: CEDC) to an Underperform rating.
Molycorp (NYSE: MCP) is spending $1 billion to revive rare earth metal production in California near the Nevada border.
In the broad market, advancing issues outpaced decliners by a margin of more than 7 to 5 on the NYSE while decliners barely edged out advancers by a slim margin on Nasdaq. The Russell 2000 which tracks small cap stocks added a fraction to 719.
