Upbeat holiday retail sales tempered disappointment over China's unexpected interest rate increase. The markets closed mixed with the Dow losing 18 points to 11,555 while Nasdaq edged up a point to 2667.
On the upside
The Student Loan (NYSE: STU) settled a class action lawsuit last Thursday.
Dealogic named JPMorgan Chase (NYSE: JPM) 2010's top investment bank for reporting the highest fees of all its rivals.
Seeking Alpha contributor Jeremy Richards said that Valence Technology (Nasdaq: VLNC) has much upside potential.
On the downside
SouFun Holding (NYSE: SFUN) held a conference call this morning to discuss details of its plan to pay $46 million to acquire a former AIG training center building in New York.
comScore datat indicated that Yahoo (Nasdaq: YHOO) lost its position as the third largest website in the world to Facebook.
Concerns that China's interest rate hike will dampen growth weighed down shares of iron ore producer Vale (NYSE: VALE).
In the broad market, advancing issues outpaced decliners by a margin of nearly 5 to 4 on the NYSE and by 7 to 5 on Nasdaq. The Russell 2000 which tracks small cap stocks gained 3 points to 792.
