|
Mixed Close As Retail Sales Rise While Consumer Sentiment Drops
It was a mixed close for the markets with the Dow rising 12 points to 10,624 as investors digested a gain in retail sales amidst a drop in consumer sentiment. Nasdaq eased a fraction to 2367.
Share:
It was a mixed close for the markets with the Dow rising 12 points to 10,624 as investors digested a gain in retail sales amidst a drop in consumer sentiment. Nasdaq eased a fraction to 2367.
On the upside Intellipharmaceutics International (Nasdaq: IPCI) settled patent lawsuits with Novartis (NYSE: NVS), Celgene (Nasdaq: CELG) and Elan (NYSE: ELN). Star Scientific (Nasdaq: CIGX) chief executive Jonnie Williams purchased nearly 2.4 million shares of company stock. Rumors circulated that Supervalu (NYSE: SVU) may be the target of an acquisition. On the downside Acorn International (NYSE: ATV) blamed an impairment charge for widening fourth quarter losses. GMX Resources (NYSE: GMXR) restated 2008 financials to report a much wider loss for the year. The company also restated quarterly earnings for 2009. Investors locked in profits on Citigroup (NYSE: C), whose shares surged this week, after Oppenheimer analyst Chris Kotowski said that the stock price was now fairly valued.
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. By accessing this page, you agree to the following terms and conditions. Conference calls info supplied by OpenCompany Fundamental data supplied by Morningstar Stock quotes supplied by Telekurs USA |
|