This is for personal, noncommercial use only.

To search archives, visit
pressofatlanticcity.com/archives

Upbeat Manufacturing Activity Lifts Markets
Monday November 02, 2009 - 15:43 PM EST
Better than expected expansion of manufacturing activity lifted the markets to a higher close with the Dow rising 76 points to 9789. Nasdaq added 4 points to 2049.
Better than expected expansion of manufacturing activity lifted the markets to a higher close with the Dow rising 76 points to 9789. Nasdaq added 4 points to 2049.

On the upside

Raymond James analyst Daryl Swetlishoff upgraded Domtar (NYSE: UFS) after the paper maker reported surprisingly strong third quarter results on Friday.

A unit of Revlon (NYSE: REV) is in discussions to amend its credit agreements.

Shares of Entercom Communications (NYSE: ETM) rose ahead of its earnings release after market close.

On the downside

CapitalSource (NYSE: CSE) swung to a larger than expected third quarter loss due to significant loan loss provisions.

Although Dean Foods (NYSE: DF) reported higher third quarter earnings, the company's outlook disappointed.

Modine Manufacturing (NYSE: MOD) executive vice president, chief financial officer and director Bradley C. Richardson resigned.

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 10 to 9 on Nasdaq. The Russell 2000 which tracks small cap stocks eased a fraction to 562.

Powered By: FinancialContent Services, Inc.
Nasdaq quotes delayed at least 15 minutes, all others at least 20 minutes.
By accessing this page, you agree to the following terms and conditions.
Conference calls info supplied by OpenCompany
Fundamental data supplied by Morningstar
Stock quotes supplied by Telekurs USA
var m3_u = 'http://ads.financialcontent.com/www/delivery/ajs.php'; var m3_r = Math.floor(Math.random()*99999999999); if (!document.MAX_used) document.MAX_used = ','; document.write ("");
var m3_u = 'http://ads.financialcontent.com/www/delivery/ajs.php'; var m3_r = Math.floor(Math.random()*99999999999); if (!document.MAX_used) document.MAX_used = ','; document.write ("");