Mixed Markets Over Employment Data

A drop in March planned layoffs tempered news of an unexpected gain in first time applications for unemployment benefits last week. The markets traded mixed during the midday with the Dow gaining 28 points to 14,578 while Nasdaq eased a point to 3216.

On the upside

Bargain hunters lifted shares of Hecla Mining (NYSE: HL), whose stock price fell earlier this week when the company announced a senior notes offering.

Sterling Bancorp (NYSE: STL) will merge with Provident New York Bancorp (NYSE: PBNY) in a stock deal valued at approximately $344 million.

A Seeking Alpha contributor listed Mitsubishi UFJ Financial Group (NYSE: MTU) as one of four dividend paying Japanese stocks with upside potential.

On the downside

Investors locked in profits on Microvision (Nasdaq: MVIS), whose stock price soared yesterday on a development deal.

Harvest Natural Resources (NYSE: HNR) reported a drop in proved reserves at its 32% owned Venezuelan affiliate Petrodelta.

Profit taking sank shares of NII Holdings (Nasdaq: NIHD), whose stock price surged yesterday on reports that the wireless communications provider was in discussions to sell its Peru business.

In the broad market, advancing issues outpaced decliners by a margin of more than 3 to 2 on the NYSE and by more than 10 to 9 on Nasdaq. The broader S&P 500 index rose 4 points to 1558.

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