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June 26, 2012 at 10:47 AM EDT
Mixed Open As Consumer Confidence Falls
The markets opened mixed with the Dow slipping 27 points to 12,475 while Nasdaq rose 3 points to 2840 as consumer confidence fell.
On the upside
The Wall Street Journal reported that News Corp. (Nasdaq: NWSA) may spinoff its publishing operations.
A Seeking Alpha contributor noted that Potash Corp. of Saskatchewan (NYSE: POT) was a bargain among fertilizer stocks.
Apollo Group (Nasdaq: APOL) reported lower third quarter earnings and revenue but the results were better than expected.
On the downside
Shares of Nokia (NYSE: NOK) continued falling after Microsoft unveiled its new Windows Phone 8 last week. Current Windows phones will not be able to upgrade to the new platform.
Piper Jaffray downgraded Valueclick (Nasdaq: VCLK) to a Neutral rating.
In the broad market, declining issues barely edged out advancers by a slim margin on both the NYSE and on Nasdaq. The Russell 2000 which tracks small cap stocks eased a fraction to 761.
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