Flat Close On Quiet Trading Day

A quiet trading day ended flat with the Dow rising 25 points to 16,504. Nasdaq eased 2 points to 4154.

On the upside

Trina Solar (NYSE: TSL) will build a 1-gigawatt solar power plant in Xinjiang, China. The development deal also lifted shares of rival Yingli Green Energy (NYSE: YGE).

Cooper Tire & Rubber (NYSE: CTB) terminated an agreement to sell the company to Apollo Tyres.

The death of Kronos Worldwide (NYSE: KRO) chair Harold C. Simmons sparked speculation that the company would be acquired.


On the downside


Falling gold prices weighed down share of Iamgold (NYSE: IAG), Eldorado Gold (NYSE: EGO) and Goldcorp (NYSE: GG).

Zacks noted that Pandora Media's (NYSE: P) mobile advertising revenue is expected to drop.

Profit taking weighed down shares of Coronado Biosciences (Nasdaq: CNDO).

In the broad market, declining issues outpaced advancers by a margin of nearly 10 to 9 on both the NYSE and on Nasdaq. The broader S&P 500 held steady at 1841. Bitcoin held steady at $792.10.

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