Closing Bell Report

It was a mixed close for the markets as the Dow rebounded in late afternoon trading even as congressional leaders continued intense negotiations to hammer out a bailout plan. The Dow soared 121 points to 11,143 while Nasdaq lost 3 points to 2183.

On the upside

Interactive Brokers Group (Nasdaq: IBKR) forecast third quarter results ahead of expectations and announced a plan to repurchase up to 8 million shares of common stock.


Surging revenue boosted second quarter earnings for AZZ (NYSE: AZZ) to surpass estimates by a wide margin prompting the electrical products maker to forecast full year results above expectations.

A rumor circulated that Citigroup (NYSE: C) may be interested in purchasing Wachovia (NYSE: WB).

On the downside

Brazilian food company Sadia (NYSE: SDA) said that it lost $406 million, the amount of its annual earnings, due to volatile currency markets.

Motorola (NYSE: MOT) failed to get a class action lawsuit filed by shareholders dismissed .

Shares of Braziliam mining company Vale (NYSE: RIO) dropped despite reassurances from CEO Roger Agnelli that the company is in a good market position and can weather the global financial storm.

In the broad market, declining issues outpaced advancers by a margin of more than 2 to 1 on the NYSE and by 7 to 5 on Nasdaq. The Russell 2000 which tracks small cap stocks eased a point to 705.

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