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.

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