Mixed Retail Sales Weigh Markets Down To Modestly Lower Close
The markets closed modestly lower with the Dow losing 21 points to 13,391 on mixed December retail sales. Nasdaq slipped 11 points to 3100. On the upside
Transocean (NYSE: RIG) agreed to pay $1.4 billion to settle civil and criminal charges for its role in the Deep Horizon oil rig explosion that killed 11 workers. SunPower's (Nasdaq: SPWR) contract to supply MidAmerican Energy with two solar power projects lifted shares of LDK Solar (NYSE: LDK), Trina Solar (NYSE: TSL), Yingli Green Energy (NYSE: YGE) and Suntech Power (NYSE: STP). Lexmark (NYSE: LXK) paid approximately $45 million in cash to acquire Acuo Technologies. On the downside Frost & Sullivan listed Fortinet (Nasdaq: FTNT) as the leader in the global Unified Threat Management space but the stock price fell.Retreating gold prices weighed down shares of Goldcorp (NYSE: GG). Masimo (Nasdaq: MASI) will present its iSpO2 pulse oximeter at the CES 2013 next week but the stock price dropped. In the broad market, advancing issues outpaced decliners by a margin of 10 to 9 on the NYSE while decliners edged out advancers by nearly 10 to 9 on Nasdaq. The broader S&P 500 index slipped 3 points to 1459.