Warren Buffett's $5 billion bet on Goldman Sachs boosted the markets at the opening bell while lawmaker continued to debate about the $700 billion bailout proposed by regulators. The Dow rose 13 points to 10,866. Nasdaq added 6 points to 2159.
On the upside
On the downside
Medicis (NYSE: MRX) announced the restatement of its financials from 2003 to 2007. The specialty pharmaceutical company offers dermatological products.
Coal producer James River Coal (Nasdaq: JRCC) announced the sale of at least 1.5 million shares in a public offering.National Financial Partners (NYSE: NFP) reported lower revenues due to a decline in insurance underwriting activity.
In the broad market, declining issues outpaced advancers by a margin of 5 to 4 on the NYSE, but were narrowly edged out on Nasdaq. The Russell 2000 which tracks small cap stocks added a fraction to 710.