Industrial Production Edged Up, Markets Mixed
The markets traded mixed during the midday with the Dow slipping 9 points to 13,163 as July industrial production edged up 0.6%. Nasdaq gained 11 points to 3028.
On the upside
Motley Fool wrote that Cellcom Israel (NYSE: CEL) should outperform the S&P 500.
Swander Pace Capital will acquire Physicians Formula (Nasdaq: FACE) in a deal valued at approximately $65 million.
Leerink Swann upgraded Array Biopharma (NYSE: ARRY) to an Outperform rating.
On the downside
Shares of InterOil (NYSE: IOC) continued falling after reporting a larger than expected loss for the second quarter after market close on Monday. Jaguar Mining (NYSE: JAG) fell to a loss for the second quarter.
Netlist (Nasdaq: NLST) widened second quarter losses as revenue dropped.
In the broad market, advancing issues outpaced decliners by a margin of 7 to 5 on the NYSE and by 2 to 1 on Nasdaq. The Russell 2000 which tracks small cap stocks gained 5 points to 802.
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