The markets closed mixed with the Dow slipping 8 points to 12,871 as disappointing manufacturing data sparked hope for additional stimulus measures. Nasdaq gained 16 points to 2951.
On the upside
Shares of Horizon Pharmaceuticals (Nasdaq: HZNP) rose in anticipation of regulatory approval of the company's rheumatoid arthritis treatment later this month.
Five Star Equities issued a research report on Patriot Coal (NYSE: PCX) saying that strong foreign demand will benefit the company.
Canaccord Genuity affirmed its Buy rating for Constellation Brands (NYSE: STZ).
On the downside
Youku (NYSE: YOKU) appointed Michael Xu to the position of chief financial officer.
Ryan & Maniskas filed a class action lawsuit against Tempur-Pedic International (NYSE: TPX) for securities violations.
Barclays downgraded PennVirgina (NYSE: PVA) to an Underweight rating.
In the broad market, advancing outpaced decliners by a margin of 7 to 3 on the NYSE and by more than 5 to 3 on Nasdaq. The Russell 2000 which tracks small cap stocks climbed 9 points to 807.
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