Markets Mixed As Investors Weigh Upbeat Jobs Data Against Stagnant Recovery
Investors welcomed an upbeat jobs report but remained concerned about the health of the nation's economy. The markets traded mixed during the midday with
Dow soaring 107 points to 11,491 while Nasdaq slipped 4 points to
On the upside
Second quarter earnings nearly tripled for Spreadtrum Communications (Nasdaq: SPRD) as revenue more than doubled.
Hansen Natural (Nasdaq: HANS) reported higher second quarter earnings that beat expectations as revenue rose.
BPZ Energy (NYSE: BPZ) reversed year ago losses to post a modest profit for the second quarter.
On the downside
CoreLogic (NYSE: CLGX) reported higher second quarter earnings but revenue fell to miss expectations.
Third quarter earnings and revenue for Dolby Laboratories (NYSE: DLB) slipped as prices for its 3-D equipment fell.
WMS Industries (NYSE: WMS) disappointed with sharply lower fourth quarter earnings that fell far short of expectations.
In the broad market, declining issues outpaced advancers by a margin of more than 3 to 2 on the NYSE and by more than 5 to 4 on
Russell 2000 which tracks small cap stocks eased a fraction to 725.