Mixed Close On Modest Economic Expansion
The markets closed mixed with the Dow slipping 23 points to 13,511 as the nation's economy expanded moderately. Nasdaq added 6 points to 3117.
On the upside
VimpelCom (NYSE: VIP) plans to increase its cash-flow over the next three years by $2.9 billion and expects to pay a dividend of at least 80 cents per share in 2013 and 2014.
Shares of sporting goods retailer Cabela's (NYSE: CAB) soared after President Obama detailed proposals for stricter gun control.
Opko Health (NYSE: OPK) chief executive Phillip Gamma Frost, M.D. purchased 20,000 shares of company stock.
On the downside
Motley Fool noted that Celsion (Nasdaq: CLSN) will likely use all of its cash in 2013. UBS downgraded Ironwood Pharmaceuticals (Nasdaq: IRWD) to a Sell rating.
Shares of Hovnanian Enterprises (NYSE: HOV) fell as homebuilder confidence held steady in January.
In the broad market, declining issues outpaced advancers by a margin of nearly 5 to 4 on the NYSE and by nearly 3 to 2 on Nasdaq. The broader S&P 500 index held steady at 1472.
Stock Market XML and JSON Data API provided by FinancialContent Services, Inc.
Nasdaq quotes delayed at least 15 minutes, all others at least 20 minutes.
Markets are closed on certain holidays. Stock Market Holiday List
By accessing this page, you agree to the following
Privacy Policy and Terms and Conditions.
Press Release Service provided by PRConnect.
Stock quotes supplied by Six Financial
Postage Rates Bots go here