January 07, 2011 at 16:33 PM EST
Two Foreclosures Voided, Markets Close Lower

The Massachusetts Supreme Court voided two foreclosures raising the possiblity that foreclosures nationwide may be voided. The markets closed lower with the Dow losing 22 points to 11,674 while Nasdaq slipped 6 points to 2703.

On the upside

Trans1 (Nasdaq: TSON) announced that Humana will begin reimbursing for procedures using the company's pre-sacral AxiaLIF interbody fusion approach.

Investopedia listed Dean Foods (NYSE: DE) as the worst performing stock on the S&P 500 in 2010 but the stock price rose.

Robbins & Myers (NYSE: RBN) reported sharply higher first quarter earnings that more than doubled as revenue climbed.

On the downside

A fire at Canadian Natural Resources' (NYSE: CNQ) oil sands project injured four workers and stopped all production.

Nasdaq informed Hauppauge Digital (Nasdaq: HAUP) that the company was out of compliance with the minimum stockholders' equity requirement of $10 million.

Morgan Stanley downgraded Jones Apparel (NYSE: JNY) to an Underweight rating.

In the broad market, declining issues outpaced advancers by a margin of more than 4 to 3 on the NYSE and by more than 5 to 3 on Nasdaq. The Russell 2000 which tracks small cap stocks lost 3 points to 787.

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