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Closing bell: A modest reaction to bad news; OMEX, MAT, AMAT, M, NYX, TM

Today was a bit of a mixed day with bulls and bears fighting over whether or not the DJIA should be above or below 8,000. Consumer spending and income were both weak; manufacturing data from the ISM was weak, and construction spending was weak. The weak numbers are becoming routine and traders were in charge today.

Here are today's unofficial closing bell levels:
DJIA: 7,936.75 -64.11 -0.80%
NASDAQ: +18.01 +1.22%
S&P 500: 825.43 -0.45 -0.05%
Top Analyst Upgrades
Top Analyst Downgrades


Odyssey Marine Exploration, Inc. (NASDAQ: OMEX) was the winner today. This cult stock, a deepwater treasure shipwreck and treasure hunter, announced that it found the HMS Victory (sunk in 1744). Shares were up a 7% to $4.21.

Continue reading Closing bell: A modest reaction to bad news; OMEX, MAT, AMAT, M, NYX, TM

Pre-market movers (LDK) (OMEX) (BRLC) (UNFI)

LDK Solar (NYSE: LDK) is up over 5% on news of a new deal with Hyundai Heavy Industries.

Odyssey Marine Exploration (NASDAQ: OMEX) is up 5% on news it has filed in court for rights to salvage a wreck which the company discovered.

Syntax-Brillian (NASDAQ:BRLC) is off 30% on news that it will enter into a new debt agreement.

United Natural Foods (NASDAQ:UNFI) is trading down 24% on poor earnings.

Stocks may trade differently in the pre-market than they do in the regular session.

Douglas A. McIntyre is an editor at 247wallst.com.

Symbol Lookup
IndexesChangePrice
DJIA+12.8510,624.69
NASDAQ-0.802,367.66
S&P 500-0.251,149.99

Last updated: March 12, 2010: 05:29 PM

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