Mid-Day Report

A pledge by Federal Reserve chairman Ben Bernanke to lower interest rates boosted the markets higher during the midday with the Dow climbing 58 points to 12,793. Nasdaq added 7 points to 2481.

On the upside

Ross Stores (Nasdaq: ROST) cited a strong 3% gain in December same store sales for lifting its fourth quarter outlook above analyst expectations.

Retreating oil prices and an upgrade by UBS lifted shares of Northwest Airlines (NYSE: NWA).

NCR (NYSE: NCR) raised its 2007 profit guidance due to strong demand.


On the downside

Electronics for Imaging (Nasdaq: EFII) warned that fourth quarter results will fall short of expectations due to soft demand prompting downgrades.

AmTech Research downgraded Synaptics (Nasdaq: SYNA).

Ikon Office Solutions (NYSE: IKN) blamed weaker than expected sales for lowering its first quarter guidance.

In the broad market, advancing issues outpaced decliners by a margin of 3 to 2 on the NYSE and by more than 9 to 7 on Nasdaq. The Russell 2000 which tracks small cap stocks gained 6 points to 718.

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