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Markets Flat As Exports Drop
The markets traded near the flatline with the Dow easing 3 points to 10,563 as the nation's trade deficit dropped due to lower imports as well as exports. Nasdaq lost 2 points to 2356.
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The markets traded near the flatline with the Dow easing 3 points to 10,563 as the nation's trade deficit dropped due to lower imports as well as exports. Nasdaq lost 2 points to 2356.
On the upside SMTC (Nasdaq: SMTX) impressed with fourth quarter earnings that more than doubled to surpass analyst expectations. Clean Energy Fuels (Nasdaq: CLNE) posted a fourth quarter loss that was narrower than expected prompting an upgrade. GameStop (NYSE: GME) will launch God of War III at midnight on Monday, March 15 at over 3,500 stores nationwide. On the downside Shares of Wave Systems (Nasdaq: WAVX) fell ahead of its earnings release after market close. Willbros Group (NYSE: WG) narrowed fourth quarter losses but still fell short of estimates. Cinemark Holdings (NYSE: CNK) announced an expansion of 3D movie screens from its current 400 to between 1,100 and 1,300 by the end of the year through financing from Digital Cinema Implementation Partners.
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