The markets recovered earlier losses but still closed lower with the Dow losing 18 points to 13,096 as consumer confidence dropped in December. Nasdaq slipped 4 points to 2985.
On the upside
Longbow upgraded Chemtura (NYSE: CHMT) to a Buy rating.
Forbes noted that Ruckus Wireless (NYSE: RKUS) had a larger market capitalization than some smaller S&P 500 components.
Apple (Nasdaq: AAPL) chief executive Tim Cook received a large cut in his 2012 compensation package.
On the downside
Profit taking sank shares of SGOCO Group (Nasdaq: SGOC) whose stock price rose after the company announced yesterday that it would hold its annual shareholder meeting on December 28, 2012. CNNMoney listed AK Steel (NYSE: AKS) as one of the worst performing stocks of 2012.
Seeking Alpha named Cellcom Israel (NYSE: CEL) as one of the worst telecom stocks of 2012.
In the broad market, declining issues outpaced advancers by a margin of nearly 5 to 4 on the NYSE and by more than 9 to 7 on Nasdaq. The broader S&P 500 index eased a point to 1418.
Modestly Lower Close As Confidence Drops
December 27, 2012 at 18:13 PM EST
