Stock indices ended off their best levels of the day when this
morning's gains tied to a deal to temporarily halt Iran's nuclear
ambitions ran out of steam at record highs. The major indices are
unchanged to only marginally higher, unable to maintain the
momentum generated by at least a temporary ease in Middle East
tensions, decline in energy prices, and expectations for a robust
holiday retail season. The Nasdaq squeezed out a slim gain as
biotech gains offset heavy pressure on social-networking stocks.
The Nasdaq briefly crossed above the 13-year high of 4,000. The
DJIA manages a narrowly higher finish, too. But the S&P 500
ends in the red, unable to extend the record high achieved earlier
in the session.
Today's economic data was a non-event with both October pending
home sales and the November Dallas Fed business activity index
below consensus estimates.
Here's where the markets stand at the close:
Dow Jones Industrial Index was up 7 points, or 0.1%, to
S&P 500 was down 2 points, or 0.1%, at 1,802
Nasdaq Composite Index was up 3 points, or 0.1%, at 3,994
FTSE 100 was up 0.30%
Nikkei 225 was up 1.54%
Hang Seng Index was down 0.05%
Shanghai China Composite Index was down 0.47%
CBST, Announced positive top-line results from the company's
pivotal Phase 3 clinical trial of its antibiotic candidate
ceftolozane/tazobactam in complicated urinary tract infections
CAMT Reported a Q1 loss of $0.01 per share, ex one-time items,
versus the Capital IQ consensus of $0.03 loss per share. Revenues
were $18.1 million, versus the analyst estimate of $17 million. In
addition, the company expects Q2 revenues of $21 million - $23
million, above the consensus of $17.90 million.
DVA, The U.S. Federal Government cancelled an earlier proposed
cut in medical payments.
UNXL Fort Worth regional office of the United States SEC
commission has issued subpoenas concerning the company's agreements
related to its InTouch Sensors.
QIHU Beats on Q3, sets guidance above street, but gets downgrade
from Stifel Nicolaus cut its rating from Buy to Hold.
SDRL Seadrill reported net income for the quarter was $315
million, or $0.61 per share versus the Capital IQ estimates of
$0.68 per share.
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