Markets Mixed Over Economic Data
The markets traded mixed during the midday with the Dow slipping 7 points to 13,168 while Nasdaq added 5 points to 3017 as slowing industrial production in China tempered news that domestic jobless claims fell.
On the upside
Amarin (Nasdaq: AMRN) narrowed second quarter losses and affirmed the commercial launch of its recently approved hypertriglyceridemia treatment Vascepa in the first quarter of 2013.
Bargain hunters lifted shares of Alpha Natural Resources (NYSE: ANR) whose stock price plunged yesterday after the coal producer widened second quarter losses more than expected.
J. P. Morgan upgraded Beazer Homes (NYSE: BZH) to an Overweight rating.
On the downside
Windstream (Nasdaq: WIN) reported sharply lower second quarter earnings even as revenue climbed. Acco Brands (NYSE: ACCO) reported higher second quarter earnings but the office products company forecast full year results below analyst expectations.
SunPower (Nasdaq: SPWR) narrowed second quarter losses and warned of losses for the current quarter.
In the broad market, advancing issues edged out decliners by a margin of nearly 5 to 4 on the NYSE and by more than 10 to 9 on Nasdaq. The Russell 2000 which tracks small cap stocks added 2 points to 802.
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