FinancialContent is the trusted provider of stock market information to the media industry.
January 05, 2012 at 13:22 PM EST
Mixed Markets Even As Service Sector Expands
Although the nation's service sector expanded more than expected in December, European debt concerns continued to weigh on investors. The markets traded mixed during the midday with the Dow losing 19 points to 12,398 while Nasdaq gained 14 points to 2662.
On the upside
InterMune (Nasdaq: ITMN) reported that its idiopathic pulmonary fibrosis treatment Esbriet has generated approximately $2.8 million in sales in Germany since its mid-September launch.
December same store sales climbed 3.6% for Rite Aid (NYSE: RAD).
Wedbush upgraded LSI (NYSE: LSI) to an Outperform rating and lifted its price target to $8.50 per share from $7 per share.
On the downside
MetroPCS (NYSE: PCS) reported a disappointing subscriber growth of 197,000 in the fourth quarter.
J.C. Penney (NYSE: JCP) warned of losses for the fourth quarter after December same store sales edged up less than the department store expected.
Shares of Banco Santander (NYSE: STD) fell after Spain said that their banking industry must raise an additional 50 billion euros to cover bad property assets.
In the broad market, advancing issues outpaced decliners by a margin of 3 to 2 on the NYSE and by nearly 5 to 4 on Nasdaq. The Russell 2000 which tracks small cap stocks rose 3 points to 750.
Stock Market XML and JSON Data API provided by FinancialContent Services, Inc.
Nasdaq quotes delayed at least 15 minutes, all others at least 20 minutes.
Markets are closed on certain holidays. Stock Market Holiday List
By accessing this page, you agree to the following
Press Release Service provided by PRConnect.
Stock quotes supplied by Six Financial
Postage Rates Bots go here