Higher Open Even As Retail Sales Disappoint

The markets opened modestly higher with the Dow adding 8 points to 11,731 even as retail sales disappointed and jobless claims rose. Nasdaq gained 6 points to 2708.

On the upside

Lexicon Pharmaceuticals (Nasdaq: LXRX) reported positive results from a clinical trial of its type 2 diabetes treatment LX4211.

Hauppauge Digital (Nasdaq: HAUP) introduced a new digital TV receiver for laptops and netbooks, a high definition video recorder for game consoles and televisions, and a TV tuner for the Apple (Nasdaq: AAPL) iPad, iPhone and iPod touch.

Amarin (Nasdaq: AMRN) priced its public offering of 12 million American Depositary Shares at $7.60 per ADS.

On the downside

The Wet Seal (Nasdaq: WTSLA) reported a 2.1% drop in same store sales for December.

Quidel (Nasdaq: QDEL) blamed a decrease in influenza product sales for warning of a sharp 52% drop in revenue for the fourth quarter.

Same store sales for Gap (NYSE: GPS) unexpectedly tumbled 3% in December.

In the broad market, declining issues outpaced advancers by a margin of nearly 7 to 5 on the NYSE and by nearly 9 to 7 on Nasdaq. The Russell 2000 which tracks small cap stocks eased a point to 793.

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