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Mixed Close As Oil Retreats
Tuesday November 10, 2009 - 15:59 PM EST
It was a mixed close for the markets with the Dow rising 20 points to 10,246 as oil prices retreated while home prices continued to fall. Nasdaq slipped 2 points to 2151.
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It was a mixed close for the markets with the Dow rising 20 points to 10,246 as oil prices retreated while home prices continued to fall. Nasdaq slipped 2 points to 2151.
On the upside Home Inns & Hotels Management (Nasdaq: HMIN) reported sharply higher third quarter earnings as revenue climbed. Monsanto (NYSE: MON) reaffirmed its 2010 guidance and announced that the launch of new corn and soybean products has been accelerated. Barnes & Noble (NYSE: BKS) launched its redesigned online B&N Kids Store for the holiday shopping season. On the downside Opnext (Nasdaq: OPXT) disappointed with a second quarter loss that was greater than expected. MBIA (NYSE: MBI) blamed the continued slump in the housing market for a third quarter loss. United Rentals (NYSE: URI) announced an offering of $572.5 million in senior convertible notes. In the broad market, declining issues outpaced advancers by a margin of more than 4 to 3 on the NYSE and by more than 2 to 1 on Nasdaq. The Russell 2000 which tracks small cap stocks lost 5 points to 586.
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