December 30, 2010 at 13:02 PM EST
Rising Mortgage Rates Weigh Down Markets

Rising mortgage rates weighed down the markets during the midday with the Dow losing 17 points to 11,567. Nasdaq slipped 2 points to 2664.

On the upside

A U. S. automotive company expanded its contract with Wave Systems (Nasdaq: WAVX) by an additional $5.2 million.

Focus Media Holding (Nasdaq: FMCN) will pay approximately $61 million to acquire more than 15 million common shares of VisionChina Media (Nasdaq: VISN).

Bezinga.com contributor Roger Nachman highlighted the turnaround of General Motors (NYSE: GM) and its emegence from bankruptcy in 2010.

On the downside

American Express (NYSE: AXP) was the largest decliner among Dow components amidst continued concerns about fees.

Petters Group Worldwide sued JPMorgan Chase (NYSE: JPM) over proceeds from the sale of Polaroid Holding.

General Electric (NYSE: GE) sold the most corporate bonds in 2010.

In the broad market, declining issues edged out advancers by a slim margin on the NYSE while advancers outpaced decliners by more than 10 to 9 on Nasdaq. The Russell 2000 which tracks small cap stocks added 2 points to 792.

Stock Market XML and JSON Data API provided by FinancialContent Services, Inc.
Nasdaq quotes delayed at least 15 minutes, all others at least 20 minutes.
Markets are closed on certain holidays. Stock Market Holiday List
By accessing this page, you agree to the following
Privacy Policy and Terms and Conditions.
Press Release Service provided by PRConnect.
Stock quotes supplied by Six Financial
Postage Rates Bots go here