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Markets Recover To Close Higher
By: MarketMinute.com Market Updates
Posted on August 10, 2012 at 18:29 PM EDT
The markets recovered in late afternoon trading to close higher with the Dow gaining 42 points to 13,207 even as China's export growth slowed. Nasdaq added 2 points to 3020.
On the upside
Analysts expect Groupon (Nasdaq: GRPN) to report upbeat second quarter results Monday after market close.
Gafisa (NYSE: GFA) swung to an unexpected profit for the second quarter.
Bally Technologies (NYSE: BYI) reported higher fourth quarter earnings that topped analyst estimates.
On the downside
The Wall Street Journal reported that ATP Oil (Nasdaq: ATPG) may file for bankruptcy protection soon. DG (Nasdaq: DGIT) disappointed with sharply lower second quarter earnings that fell short of expectations.
Profit taking sent shares of Delek (NYSE: DK) tumbling.
In the broad market, advancing issues outpaced decliners by a margin of nearly 5 to 4 on the NYSE while decliners edged out advancers by nearly 9 to 7 on Nasdaq. The Russell 2000 which tracks small cap stocks eased a point to 801.
Related Stocks:
Bally Technologies DIGITAL GEN Delek US Holdings Dow Jones Industrial Average Dow Jones Industrial Average (EOD) GROUPON-A Gafisa S/A ADS NYSE COMPOSITE INDX Standard & Poors 500
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