The markets closed higher with the Dow rising 44 points to 11,105 as investors monitored global economic developments. Nasdaq climbed 37 points to 2532.
On the upside
TheStreet listed Universal Display (Nasdaq: PANL) as the best performing stock from July 22 through September 2.
Office Depot (NYSE: ODP) will consolidate two distribution centers in Illinois by relocating operations from Lansing to Carol Stream and eliminating 100 jobs.
Shares of Genco Shipping & Trading (NYSE: GNK) climbed after a Seeking Alpha article said that shipping revenue is expected to increase.
On the downside
Investors locked in profits on Eastman Kodak (NYSE: EK) whose shares climbed yesterday after one of the company's printers achieved the highest rating for photographic print quality.
Ivanhoe Energy (Nasdaq: IVAN) will begin drill testing at a second exploration well in Mongolia's Nyalga Basin but the stock price fell.
Morgan Stanley downgraded SolarWinds (NYSE: SWI) to an Underweight rating.
In the broad market, advancing issues outpaced decliners by a margin of nearly 3 to 1 on the NYSE and by more than 3 to 1 on Nasdaq. The Russell 2000 which tracks small cap stocks surged 11 points to 691.
