The markets closed flat with the Dow adding a point to 15,545 on disappointing earnings. Nasdaq rose 12 points to 3600.
On the upside
Shares of Alaska Communications Systems (Nasdaq: ALSK) continued rising after a Seeking Alpha contributor wrote that the merger of the wireless assets of General Communications and Alaska Communications would increase the value of Alaska Communications..
Shares of USEC (NYSE: USU) have been steadily rising and nearly doubled today for no apparent reason and the company issued a statement that their policy is not to comment on unusual market activity.
On the downside
Standard & Poor's placed Saks (NYSE: SKS) on watch for a possible credit rating downgrade.
The Wall Street Journal reported that RadioShack (NYSE: RSH) retained the services of investment bank Peter J. Solomon.
Tower International (NYSE: TOWR) announced a secondary offering of 6 million common shares.
In the broad market, advancing issues outpaced decliners by a margin of more than 3 to 2 on the NYSE and by more than 7 to 5 on Nasdaq. The broader S&P 500 index added 3 points to 1695.
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