Closing Bell Report

A larger than expected drop in unemployment claims last week lifted the markets to a modestly higher close with with the Dow rising 55 points to 12,582. Nasdaq climbed 30 points to 2352.

On the upside

Second quarter earnings for FCStone Group (Nasdaq: FCSX) surged to beat estimates as revenue climbed.

Teen retailer Aeropostale (NYSE: ARO) reported that March same store sales climbed 2.5%, more than the expected 1.4% gain.

Banc of America upgraded National Semiconductor (NYSE: NSM) saying that the company can improve its profit margin.

On the downside

Jefferies & Co. analyst Romeo Reyes downgraded Virgin Media (Nasdaq: VMED) and slashed his price target for the company after the company announced the sale of $1 billion in bonds.

Stage Stores (NYSE: SSI) slashed its first quarter outlook due to sharply lower same store sales for March.

JPMorgan (NYSE: JPM) reduced its stake in Ambac Financial Group (NYSE: ABK) from 7.7% to 0.4%.

In the broad market, advancing issues outpaced decliners by a margin of 5 to 3 on the NYSE and by more than 7 to 5 on Nasdaq. The Russell 2000 which tracks small cap stocks gained 9 points to 707.

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