May 06, 2013 at 17:26 PM EDT
S&P 500 Sets New Record, Dow Slips

The markets closed mixed with the Dow slipping 5 points to 14,968 as investors monitored corporate earnings. Nasdaq gained 14 points to 3392.

On the upside

Expectations that Renren (NYSE: RENN) will report sharply higher first quarter revenue next week lifted shares of the social networking site.


BB&T Capital Markets upgraded YRC Worldwide (Nasdaq: YRCW) from an Underweight rating to a Hold rating.


3D Systems (NYSE: DDD) will replace Macerich (NYSE: MAC) on the S&P MidCap 400 Index after market close on Wednesday, May 8.


On the downside


TheStreet recommended selling Groupon (Nasdaq: GRPN) before the online deals site reports earnings on Wednesday after market close.


Shares of Himax Technologies (Nasdaq: HIMX) fell ahead of its earnings release tomorrow morning before market open.


Profit taking sank shares of Synacor (Nasdaq: SYNC).

In the broad market, advancing issues outpaced decliners by a margin of 7 to 5 on the NYSE and by nearly 3 to 2 on Nasdaq. The broader S&P 500 index added 3 points to close at a record 1617.

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