Mid-Day Report

A stronger than expected jobs report lifted the markets modestly higher during the midday with the Dow climbing 25 points to 13,645. Nasdaq added a point to 2710.

On the upside

Sirona Dental Systems (Nasdaq: SIRO) swung to a profit for the fourth quarter that greatly surpassed expectations as sales rose.

Idearc Media (NYSE: IAR) signed an agreement to place its Superpages.com advertisers on Findology's local search platform Zipcodez.com.

Shares of Entropic Communications (Nasdaq: ENTR) surged on its first trading day.

On the downside

Palm (Nasdaq: PALM) warned that unexpected warranty repairs and delays in shipping will adversely affect earnings for the current quarter.

Credit Suisse cut its production forecast for StatoilHydro ASA (NYSE: STO) after the Norwegian petroleum company warned that it will fall short of production targets for the year while capital expenditure will increase.

While Gildan Activewear (NYSE: GIL) reported fourth quarter earnings that more than doubled as margins improved and sales rose, the apparel maker also warned that first quarter results will fall short of expectations.

In the broad market, advancing issues outpaced decliners by a margin of more than 10 to 9 on the NYSE while decliners edged out advancers by nearly 10 to 9 on Nasdaq. The Russell 2000 which tracks small cap stocks slipped a fraction to 787.

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