The markets closed mixed with
Dow climbing 60 points to 11,444 as a modest slip in the nation's unemployment rate tempered concerns of an extended global economic downturn. Nasdaq tumbled 23 points to
On the upside
European Central Bank's announcement that it will purchase Italian and Spanish bonds lifted shares of Banco Santander (NYSE: STD).
Shares of Web.com (NYSE: BPZ) continued climbing after posting better than expected second quarter results yesterday.
On the downside
Dresser-Rand (NYSE: DRC) reported sharply lower second quarter earnings as expenses climbed.
Magna International (NYSE: MGA) disappointed with lower second quarter earnings even as revenue rose.
Weight Watchers (NYSE: WTW) reported higher second quarter earnings that topped analyst estimates on higher revenue and the company lifted its full year outlook but the stock price fell.
In the broad market, declining issues outpaced advancers by a margin of more than 5 to 2 on the NYSE and by more than 7 to 3 on Nasdaq. The Russell 2000 which tracks small cap stocks tumbled 12 points to 714.