Skip to main content

Modestly Higher Close For Markets

The markets closed modestly higher with the Dow gaining 36 points to 9398 despite a surprising drop in retail sales as investors focused instead on the Federal Reserve's upbeat assessment of the economy yesterday. Nasdaq climbed 10 points to 2009.

On the upside

Las Vegas Sands (NYSE: LVS) amended its credit facility to allow the sale of a minority interest in its Macau resort.

CIT Group (NYSE: CIT) agreed to allow the Federal Reserve more oversight of the lender.

Orion Marine (NYSE: ORN) increased its stock offering from 3.5 million shares to 4.2 million shares.

On the downside

Aegon (NYSE: AEG) disappointed with a second quarter loss, suspended a dividend and announced the sale of stock in order to pay back the government for aid received.

Presstek (Nasdaq: PRST) swung to a loss for the second quarter and said that it is not in full compliance with terms of its credit agreements.

KHD Humboldt Wedag International (NYSE: KHD) swung to a second quarter loss as revenue dropped.

In the broad market, advancing issues outpaced decliners by a margin of more than 2 to 1 on the NYSE and by nearly 5 to 4 on Nasdaq. The Russell 2000 which tracks small cap stocks added 3 points to 575.

Data & News supplied by www.cloudquote.io
Stock quotes supplied by Barchart
Quotes delayed at least 20 minutes.
By accessing this page, you agree to the following
Privacy Policy and Terms and Conditions.