Lower home prices along with a drop in consumer confidence weighed the markets down to a lower close with the Dow slipping 20 points to 12,632. Nasdaq added a point to 2813.
On the upside
MicroStockProfit.com issued a research report on FriendFinder Networks (Nasdaq: FFN).
A Seeking Alpha contributor affirmed a Strong Buy rating for Gafisa (NYSE: GFA).
Parexel International (Nasdaq: PRXL) reported lower second quarter earnings but revenue climbed and the company's backlog increased.
On the downside
MannKind (Nasdaq: MNKD) will sell $50 million worth of stock and warrants through a public offering.
Rex Energy (Nasdaq: REXX) announced a public offering of 7 million common shares.
Waddell & Reed (NYSE: WDR) disappointed with lower fourth quarter earnings that fell short of expectations.
In the broad market, advancing issues outpaced decliners by a margin of 7 to 5 on the NYSE and by more than 10 to 9 on Nasdaq. The Russell 2000 which tracks small cap stocks added a fraction to 792.
