August 17, 2012 at 13:32 PM EDT
Rising Consumer Sentiment Lifts Markets
The markets traded higher during the midday with the Dow adding 17 points to 13,267 as consumer sentiment climbed in early August. Nasdaq rose 7 points to 3069.
On the upside
Nokia (NYSE: NOK) and Microsoft (Nasdaq: MSFT) are expected to introduce the Windows Phone 8 on the Lumia at a joint event on September 5.
First quarter earnings slipped for J. M. Smucker (NYSE: SJM) but the results beat analyst expectations.
Wedbush initiated coverage of Krispy Kreme (NYSE: KKD) with an Outperform rating.
On the downside
Evercore Partners analyst Ken Sena downgraded Groupon (Nasdaq: GRPN) to an Underweight rating. PennyMac Mortgage (NYSE: PMT) priced its public offering of 15 million common shares at an undisclosed price.
A jury found that ION Geophysical (NYSE: IO) infringed on WesternGeco patents and awarded $105.9 million to WesternGeco.
In the broad market, advancing issues outpaced decliners by a margin of nearly 5 to 4 on both the NYSE and on Nasdaq. The Russell 2000 which tracks small cap stocks added 2 points to 815.
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