It was a mixed close for the markets with the Dow slipping 19 to 11,362 as investors await Congressional action on tax cuts. Nasdaq rose 3 points to 2594.
On the upside
Credit Suisse upgraded Teradyne (NYSE: TER).
Suntech Power (NYSE: STP) forecast 2010 and 2011 full year results ahead of analyst expectations.
The Nikkei English News reported that Sumitomo may be interested in purchasing a stake in rare earth metals company Molycorp (NYSE: MCP).
On the downside
Several long-term use studies of Celgene's (Nasdaq: CELG) blood cancer treatment Revlimid indicated a higher incidence of secondary cancers in patients.
Activision Blizzard (Nasdaq: ATVI) will release an updated and expanded World of Warcraft: Cataclysm tomorrow. Analysts are undecided whether players will embrace the updates.
Securities analyst Glenn Schorr suggested that Bank of America (NYSE: BAC) may be downgraded.
In the broad market, declining issues barely edged out advancers by a slim margin of on the NYSE while advancers edged out decliners by more than 9 to 7 on Nasdaq. The Russell 2000 which tracks small cap stocks rose 4 points to 760.
