Mid-Day Report

The markets traded mixed during the midday as credit concerns tempered reports of upbeat holiday sales. The Dow rose 23 points to 13,003 while Nasdaq slipped 2 points to 2595.

On the upside

Fuwei Films (Nasdaq: FFHL) elected three new directors to its board.

SkillSoft (Nasdaq: SKIL) reported third quarter earnings that surpassed expectations as revenue rose.

Excel Maritime Carriers' (NYSE: EXM) CEO will join the chief executives of two other drybulk shipping firms to discuss industry trends.

On the downside

In order to protect itself from further mortgage defaults, Franklin Bank (Nasdaq: FBTX) will increase its loan loss reserves by another $20 million.

Friedman Billings Ramsey downgraded First Marblehead (NYSE: FMD) over concerns that The Education Resources Institute's ability to cover student loan losses is limited.

Medivation (Nasdaq: MDVN) reported a loss for the third quarter.

In the broad market, declining issues outpaced advancers by a margin of nearly 9 to 7 on the NYSE and by more than 8 to 5 on Nasdaq. The Russell 2000 which tracks small cap stocks lost 4 points to 751.

Related Stocks:
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