Mixed Close As Consumer Sentiment Dropped
Posted on December 07, 2012 at 17:28 PM EST
The markets closed mixed with the Dow climbing 81 points to 13,155 despite a drop in the nation's unemployment rate as consumer sentiment dropped. Nasdaq lost 11 points to 2978.
On the upside
Two studies published in the New England Journal of Medicine reported that CombiMatrix's (Nasdaq: CBMX) chromosomal microarray analysis performed better than traditional karyotyping for genetic prenatal diagnosis.
Good Times Restaurant (Nasdaq: GTIM) reported that same store sales climbed 6.8% in November.
On the downside
The Canadian government approved CNOOC's $15 billion acquisition of Nexen (NYSE: NXY).
QR Energy (NYSE: QRE) priced its public offering of 12 million common units at the discounted price of $16.24 per unit.
Sarepta Therapeutics (Nasdaq: SRPT) reported upbeat results from its Duchenne muscular dystrophy treatment eteplirsen but the stock price fell.
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 5 to 4 on Nasdaq. The Russell 2000 which tracks small cap stocks edged up a fraction 822.
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