September 12, 2012 at 19:07 PM EDT
Higher Close As Germany Supports Bailout Fund
The markets closed modestly with the Dow rising 9 points to 13,333 after Germany's higher court supported the European bailout fund. Nasdaq gained 9 points to 3114.
On the upside
Monster Worldwide (NYSE: MWW) is searching for a Social Media Driver to promote the Marussia F1 Team at the U. S. Grand Prix in Austin, Texas through social media.
Dole Food (NYSE: DOLE) engaged in discussions to sell its packaged foods and Asia fresh businesses to Itochu.
Mindspeed Technologies (Nasdaq: MSPD) lifted its revenue outlook for the fourth quarter.
On the downside
Plans by Brazil to lower energy expenses weighed down shares of energy companies Cia Energetica de Minas Gerais (NYSE: CIG), Centrais El (NYSE: EBR) and Companhia Paranaense de Energia (NYSE: ELP). Two U. S. senators asked the Food and Drug Administration to regulate and study the effects of energy drinks such as those made by Monster Beverage (Nasdaq: MNST).
Stifel Nicolaus cut its price target on Liquidity Services (Nasdaq: LQDT) to $66 from $72.
In the broad market, advancing issues outpaced decliners by a margin of more than 5 to 3 on the NYSE and by more than 7 to 5 on Nasdaq. The Russell 2000 which tracks small cap stocks gained 3 points to 845.
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