November 21, 2012 at 09:47 AM EST
Drop In Jobless Claims Lifts Markets
A drop in first time applications for unemployment benefits lifted the markets to a modestly higher open with the Dow rising 25 points to 12,813. Nasdaq held steady at 2916.
On the upside
A Seeking Alpha contributor recommended Sarepta Therapeutics (Nasdaq: SRPT) as a biopharmaceutical catalyst trade.
Salesforce.com (NYSE: CRM) widened third quarter losses but the results were better than expected as revenue soared.
On the downside
Zale (NYSE: ZLC) reported a larger than expected loss for the first quarter.
Fourth quarter earnings for Deere & Co. (NYSE: DE) fell far short of analyst expectations.
The Food and Drug Administration reported serious lapses in the testing and manufacture of a component in St. Jude Medical's (NYSE: STJ) heart device Durata.
In the broad market, declining issues outpaced advancers by a margin of nearly 10 to 9 on the NYSE while advancers edged out decliners by a margin of nearly 10 to 9 on Nasdaq. The Russell 2000 which tracks small cap stocks held steady at 793.
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
Press Release Service provided by PRConnect.
Stock quotes supplied by Telekurs USA
Postage Rates Bots go here