Lower Close As Economic Expansion Slows

Despite a greater than expected drop in applications for unemployment benefits, the markets closed lower with the Dow losing 20 points to 14,054 as economic expansion slowed. Nasdaq slipped 2 points to 3160.

On the upside

Wireless Ronin Technologies (Nasdaq: RNIN) partnered with Samsung to offer a revolutionary digital marketing solution with vivid, engaging and dynamic content.

Stifel Nicolaus upgraded CommonWealth REIT (NYSE: CWH) from a Sell rating to a Hold rating.

MGIC Investment (NYSE: MTG) widened fourth quarter losses but revenue surpassed analyst expectations.

On the downside

NII Holdings (Nasdaq: NIHD) fell to a loss due to a significant charge.

Cal Dive International (NYSE: DVR) widened losses for the fourth quarter.

Motley Fool wrote that RadioShack (NYSE: RSH) was not investment worthy.

In the broad market, advancing issues barely edged out decliners by a slim margin on the NYSE and while decliners outpaced advancers by a slim margin on Nasdaq. The broader S&P 500 index eased a point to 1514.

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