Closing Bell Report

Continuing problems in the mortgage industry prompted hopes of further rate cuts to lift the markets to a higher close with the Dow climbing 58 points to 12,240. Nasdaq gained 15 points to 2320.

On the upside

Empire Resorts (Nasdaq: NYNY) will move Monticello Gaming and Raceway to a new $700 million complex in the Catskills that will include a hotel, restaurants, retail shops, an entertainment center and a convention center.

A weekend edition of Barron's included an upbeat article on JDS Uniphase (Nasdaq: JDSU).

Carlisle Cos. (NYSE: CSL) beat expectations for the fourth quarter.

On the downside

SunTrust Robinson Humphrey analyst Jonathan Block expects the American Medical Association to rate NeuroMetrix's (Nasdaq: NURO) NC-Stat monitor a category III code, which means that Medicare and Medicaid is not likely to reimburse for the use of the product.

CNA Financial (NYSE: CNA) blamed investment losses for sharply lower fourth quarter earnings that missed expectations by a wide margin.

Analysts downgraded Centene (NYSE: CNC) after the managed care company reported lower earnings that fell short of estimates last week.

In the broad market, advancing issues outpaced decliners by a margin of 10 to 9 on the NYSE and by nearly the same on Nasdaq. The Russell 2000 which tracks small cap stocks added a fraction to 700.

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