The markets recovered earlier losses to close modestly higher with the Dow rising 30 points to 15,658 as the nation’s unemployment rate slipped more than expected to 7.4%. Nasdaq gained 13 points to 3689.
On the upside
Stereotaxis (NYSE: STXS) modified its loan agreement with Silicon Valley Bank.
ACTIVE Network (NYSE: ACTV) widened second quarter losses but revenue climbed to top estimates and the company announced plans to evaluate strategic options.
Yelp (NYSE: YELP) continued climbing after posting upbeat second quarter results Wednesday after market close.
On the downside
MRC Global (NYSE: MRC) reported higher second quarter earnings but revenue dropped to fall short of expectations.
Standard & Poor’s downgraded Radioshack’s (NYSE: RSH) credit rating to CCC from CCC+.
Westport Innovations (Nasdaq: WPRT) widened second quarter losses more than expected as revenue fell prompting a downgrade.
In the broad market, advancing issues outpaced decliners by a margin of more than 10 to 9 on the NYSE while decliners edged out advancers by more than 10 to 9 on Nasdaq. The broader S&P 500 added 2 points to 1709.
