Flat Markets Over Mixed Earnings
The markets traded near the flatline during the midday with the Dow edging up 7 points to 13,603 over mixed corporate earnings. Nasdaq slipped 8 points to 3127.
On the upside
Shares of Norwegian Cruise Line Holdings (Nasdaq: NCLH) surged on its first trading day.
Jefferies Co. analyst Peter Misek upgraded Research In Motion (Nasdaq: RIMM) to a Buy rating and lifted his price target from $13 to $19.50.
StockCall.com issued a research report on Arch Coal (NYSE: ACI) saying that the coal industry outlook was improving.
On the downside
Jefferies analyst James Kisner downgraded Finisar (Nasdaq: FNSR) to an Underperform rating and slashed his price target from $14 to $7.50. A drop in earnings from Intel weighed down shares of rival chipmaker Advanced Micro Devices (NYSE: AMD).
TheStreet Ratings affirmed its Sell rating on Arena Pharmaceuticals (Nasdaq: ARNA).
In the broad market, advancing issues outpaced decliners by a margin of nearly 5 to 4 on the NYSE while decliners edged out advancers by more than 10 to 9 on Nasdaq. The broader S&P 500 index held steady at 1480.
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.
Markets are closed on certain holidays. Stock Market Holiday List
By accessing this page, you agree to the following
Privacy Policy and Terms and Conditions.
Press Release Service provided by PRConnect.
Stock quotes supplied by Six Financial
Postage Rates Bots go here