The markets traded lower during the midday over falling new home sales and global uncertainty after the assassination of Pakistani opposition leader Benazir Bhutto. The Dow fell 16 points to 13,344 while Nasdaq lost 2 points to 2675.
On the upside
Checkpoint Systems (Nasdaq: CKP) reaffirmed its earnings outlook for 2007 and named Robert van der Merwe to the position of president and chief executive and .
e-Future Information Technology (Nasdaq: EFUT) announced successfully launched its Store Operation System and Customer Service System in China Resources Vanguard stores.
On the downside
Christopher & Banks (NYSE: CBK) blamed a weak retail environment for lowering its fourth quarter outlook and expects December same store sales to drop.
A sharp drop in new home sales weighed down shares of Post Properties (NYSE: PPS).
Synergx Systems (Nasdaq: SYNX) reported a loss for the fourth quarter as well as the full year.
In the broad market, advancing issues outpaced decliners by a margin of more than 9 to 7 on the NYSE while advancers barely edged out decliners by a slim margin on Nasdaq. The Russell 2000 which tracks small cap stocks gained 4 points to 777.
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