Mixed Markets On Unchanged Durable Goods Orders
The markets traded mixed during the midday with the Dow slipping 13 points to 12,953 while Nasdaq added 2 points to 2978 as durable goods orders held steady in October.
On the upside
Corning (NYSE: GLW) cited greater than expected demand for lifting its fourth quarter sales guidance.
Las Vegas Sands (NYSE: LVS) declared a special cash dividend of $2.75 per share payable on December 18, 2012 to shareholders of record December 10, 2012.
Generac (NYSE: GNRC) blamed market conditions for withdrawing its secondary offering.
On the downside
The market share of Research In Motion's (Nasdaq: RIMM) BlackBerry fell to 1.6%.
Bazaarvoice (Nasdaq: BV) widened second quarter losses even as revenue climbed.
Profit taking sank shares of Sarepta Therapeutics (Nasdaq: SRPT).
In the broad market, advancing issues outpaced decliners by a margin of nearly 5 to 4 on the NYSE and by a margin of 10 to 9 on Nasdaq. The Russell 2000 which tracks small cap stocks edged up a point to 810.
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