Closing Bell Report

The markets closed mixed despite Buffet's $5 billion investment into Goldman Sachs as legislators continued grappling with details of the $700 billion bailout plan. The Dow fell 29 points to 10,825 while Nasdaq added 2 points to 2156.

On the upside

Vertex Pharmaceuticals (Nasdaq: VRTX) released details of a midstage clinical trial that affirmed the positive results for its hepatitis C treatment telaprevir.

An appeals court upheld a jury verdict that Qualcomm (Nasdaq: QCOM) violated two of Broadcom's (Nasdaq: BRCM) patents.

Investors snapped up shares of Micron Technology (NYSE: MU), which recently fell after Oppenheimer downgraded the memory chip maker.

On the downside

James River Coal (Nasdaq: JRCC) announced the offering of 1.5 million shares of common stock.

Pilgrim's Pride (NYSE: PPC) announced the elimination of an additional 100 jobs on top of the 600 that have already been cut.

Standard & Poor's Ratings Service further downgraded Washington Mutual's (NYSE: WM) credit rating into junk status as a sale of the entire company diminishes. S&P expects the thrift to be sold in pieces.

In the broad market, declining issues outpaced advancers by a margin of 3 to 2 on the NYSE and by nearly 2 to 1 on Nasdaq. The Russell 2000 which tracks small cap stocks added plunged 11 points to 698.

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