Mixed Close Even As Mortgage Rates Fell
The markets closed mixed with the Dow gaining 18 points to 13,596 as record low mortgage rates tempered concerns of a global economic slowdown. Nasdaq slipped 6 points to 3175.
On the upside
Shares of Trulia (NYSE: TRLA) soared on its first trading day.
BPZ Energy (NYSE: BPZ) chief executive officer Manolo Zunyiga will present at the IPAA Oil & Gas Conference on Tuesday, September 25, 2012 while chief operating officer Richard Spies will present at the Westlake Securities, New Frontiers in Energy Conference on Tuesday, September 25, 2012.
Owens Corning (NYSE: OC) introduced a new digital Division 22/23 Mechanical Manufacturer's Guide eBook for clients to access product information.
On the downside
Starbucks (Nasdaq: SBUX) will begin selling its single serve Verismo for $199 this week sending shares of Green Mountain Coffee Roasters (Nasdaq: GMCR) tumbling.
Jefferies Group (NYSE: JEF) reported higher third quarter earnings but the results fell short of expectations.
CarMax (NYSE: KMX) disappointed with second quarter earnings that missed analyst estimates.
In the broad market, declining issues outpaced advancers by a margin of more than 3 to 2 on the NYSE and by 5 to 3 on Nasdaq. The Russell 2000 which tracks small cap stocks lost 4 points to 851.
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