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Mid-Morning Market Update: Markets Falling, Deckers Rises
12/27/2012 10:45:00 AM
Following the market opening Thursday, the Dow traded down 0.74 percent to 13,018.13 while the NASDAQ fell 0.72 percent to 2,968.72. The S&P also fell, decreasing 0.71 percent to 1,409.25.
Equities Trading UP
Shares of Chemtura (NYSE: CHMT ) were also up, gaining 4.75 percent to $21.41 following an upgrade at Longbow to Buy.
Smith & Wesson (NASDAQ: SWHC ) traded up 4.84 percent to $8.35 after the company announced it would be boosting its stock buyback plan.
Equities Trading DOWN
Marvell Technology (NASDAQ: MRVL ) continued its fall from yesterday, dropping another 3.11 percent to $7.17 this morning on the jury ruling that it had infringed on Carnegie Mellon's patents and a subsequent downgrade at JMP Securities.
Georgia Gulf (NYSE: GGC ) was also down, falling 2.51 percent to $40.77 after a fire in a Louisiana plant.
Silver traded up 0.12 percent Thursday to $30.16.
Continuing claims were reported as well, coming in at 3.206 million, edging higher than the expected 3.20 million, but remaining below the previous release of 3.225 million.
New home sales month over month came in at 4.4 percent, well above the anticipated 3.3 percent and the prior report of -3.5 percent.
Finally, CB consumer confidence came in at 65.10, below the projected 70.00 and the prior report of 71.50.
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