Mixed Close As EU Seeks Renegotiation Of Greek Bailout

It was a mixed close for the markets with the Dow losing 40 points to 11,478 as mortgage rates rose and a European Union official suggested that the bailout package for Greece must be renegotiated. Nasdaq gained 15 points to 2620.

On the upside

iFixit discovered at least two Triquint (Nasdaq: TQNT) parts inside the iPhone (Nasdaq: AAPL) 4S.


Clearwire's (Nasdaq: CLWR) impressive report that preliminary third quarter revenue more than doubled from last year lifted shares of Sprint (NYSE: S), a majority shareholder of Clearwire.


A British newspaper reported that several companies may be interested in acquiring Walter Energy (NYSE: WLT).

On the downside


Shares of Alliance Data Systems (NYSE: ADS) fell after JPMorgan (NYSE: JPM) warned that charge-off rates, which have been slipping, may flatten in the first quarter.

OCZ Technology (Nasdaq: OCZ) launched its Deneva 2 and Intrepid Series mSATA SSD lineup for OEM clients but the stock price fell.

Investors locked in profits on A123 Systems (Nasdaq: AONE).


In the broad market, declining issues outpaced advancers by a margin of more than 3 to 2 on the NYSE while decliners barely edged out advancers by a slim margin on Nasdaq. The Russell 2000 which tracks small cap stocks eased a point to 698.

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