The markets closed mixed as consumer confidence tumbled and home prices fell. The Dow lost 16 points to 12,533 while Nasdaq rose 14 points to 2341.
On the upside
Origin Agritech (Nasdaq: SEED) narrowed first quarter losses as revenue rose.
Lazard Capital Markets analyst Sanjay Shrestha upgraded Canadian Solar (Nasdaq: CSIQ) saying that the company's flexible sourcing model will act as a buffer between supply and demand imbalances.
Despite two downgrades by Standard & Poor's, shares of ExpressJet (NYSE: XJT) rose.
On the downside
Emcore (Nasdaq: EMKR) director Thomas Russell purchased 190,800 shares of common stock.
MGIC Investment (Nasdaq: MTG) will raise $420 million through the sale of 37.3 million shares of common stock.
The Wall Street Journal reported that private equity firms Thomas H. Lee and Bain Capital may not go through with their purchase of Clear Channel Communications (NYSE: CCU).
In the broad market, adancing issues outpaced decliners by a margin of nearly 2 to 1 on the NYSE and by more than 5 to 3 on Nasdaq. The Russell 2000 which tracks small cap stocks gained 4 points to 705.
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