FinancialContent is the trusted provider of stock market information to the media industry.
February 27, 2012 at 17:12 PM EST
Flat Close As Oil Prices Retreat
The markets closed flat with the Dow slipping a point to 12,981 as oil prices retreated. Nasdaq added 2 points to 2966.
On the upside
A Seeking Alpha contributor expected Discovery Laboratories' (NYSE: DSCO) Surfaxin to be approved by the Food and Drug Administration.
Cooper Tire & Rubber (NYSE: CTB) reported sharply higher fourth quarter earnings that surpassed analyst expectations by a wide margin.
Valeant Pharmaceuticals (NYSE: VRX) swung to a better than expected profit for the fourth quarter.
On the downside
MicroVision (Nasdaq: MVIS) narrowed fourth quarter losses as revenue climbed but the results fell short of expectations.
Dril-Quip (NYSE: DRQ) reported higher fourth quarter earnings but the stock price fell.
Standard Register (NYSE: SR) widened fourth quarter losses by a wide margin as revenue dropped.
In the broad market, declining issues were on par with advancers on the NYSE while decliners edged out advancers by nearly 9 to 7 on Nasdaq. The Russell 2000 which tracks small cap stocks eased a fraction to 826.
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