Markets closed mixed down Wall Street: DJI -0.2% SP500 -0.17% Nasdaq -0.07% Gold -0.85%
The markets were down because:
- US Macro Economic data disappointed. Initial Jobless Claims hopped 35,000 to 445,000 — the largest increase since July — and the Producer Price Index (NYSE:PPI) came in at an inflated 1.1%. Check Out: NEW RECORD: Foreclosures Top 1 Million. What If Banks Didn’t Halt? >>
- Dow giant Merck clawed the index down. Merck & Co. (NYSE:MRK) closed down 6.6% after ending testing on a stroke drug.
- Oil (NYSE:USO) took a breather. After rocketing to $91, traders rested on the weak macro data. Don’t Miss: Can Oil Reach $150 by Late 2012? >>
Here are today’s Top 10 Moving Stocks:
- Target (NYSE:TGT), Infosys Technologies (NASDAQ:INFY), AIG (NYSE:AIG), MSCI Inc. (NYSE:MSCI):, Marathon Oil Corporation (NYSE:MRO):, Intel (NASDAQ:INTC), Merck (NYSE:MRK), TTM Technologies (NASDAQ:TTMI), ITT Corporation (NYSE:ITT), and Williams-Sonoma (NYSE:WSM). Now See 14 Stocks Benefiting and Losing from World Agricultural Supply and Demand Estimates >>
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