August 01, 2008 at 17:45 PM EDT
Closing Bell Report
The markets closed lower as oil prices rebounded and unemployment rose. The Dow fell 52 points to 11,326 while Nasdaq dropped 15 points to 2311.

On the upside

Fourth quarter earnings for VistaPrint (Nasdaq: VPRT) rose to surpass estimates as the online graphics design services company added new customers.

The Financial Times reported that ArcelorMittal may make a counteroffer for Alpha Natural Resources (NYSE: ANR), which has already agreed to be acquired by Cleveland-Cliffs (NYSE: CLF) in a deal valued at approximately $8.7 billion.

Innophos Holdings (Nasdaq: IPHS) reversed year ago losses to report a profit for the second quarter that topped analyst estimates.

On the downside

Winn-Dixie (Nasdaq: WINN) reported a preliminary loss for the fourth quarter.

Chesapeake (NYSE: CSK) widened second quarter losses due to increased expenses and one time items.

German steelmaker ThyssenKrupp AG denied rumors that the company was in discussions to acquire AK Steel (NYSE: AKS) .

In the broad market, advancing issues were on par with decliners on both the NYSE and on Nasdaq. The Russell 2000 which tracks small cap stocks added 2 points to 716.

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