Dow Adds 9, Nasdaq Up 4
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The Dow gained 9.36 points today to close at 11,867.17, the Nasdaq added 3.66 points to close at 2,315.43 and the S&P 500 gained 2.76 points to close at 1,353.42. The markets closed higher again, with the Dow closing at its fourth record high. Earnings season kicks into high gear, starting tonight.
In individual stories,Delcath Systems, Inc. (Nasdaq: DCTH) closed almost 20% higher after it's Board of Directors and Laddcap Value Partners, a hedge fund holding approximately 11 percent of Delcath's total outstanding common stock, have reached an amicable resolution to all issues outstanding between them, bringing the two-month-long Consent battle to an end. InFocus Corp. (Nasdaq: INFS) fell 20% after announcing its revenues for the third quarter of 2006 are expected to be between $78 and $82 million, compared to $97.6 million for the second quarter of 2006. The revenue decline occurred in both the Americas and Europe. The consenus is $120 million.
Tomorrow investors will be looking for the FOMC Minutes from the September 20th meeting at 2PM ET. Earnings from Gannett (NYSE: GCI), Lam Research (LRCX) and YUM! Brands (NYSE: YUM) will also be of interest.
In individual stories,Delcath Systems, Inc. (Nasdaq: DCTH) closed almost 20% higher after it's Board of Directors and Laddcap Value Partners, a hedge fund holding approximately 11 percent of Delcath's total outstanding common stock, have reached an amicable resolution to all issues outstanding between them, bringing the two-month-long Consent battle to an end. InFocus Corp. (Nasdaq: INFS) fell 20% after announcing its revenues for the third quarter of 2006 are expected to be between $78 and $82 million, compared to $97.6 million for the second quarter of 2006. The revenue decline occurred in both the Americas and Europe. The consenus is $120 million.
Tomorrow investors will be looking for the FOMC Minutes from the September 20th meeting at 2PM ET. Earnings from Gannett (NYSE: GCI), Lam Research (LRCX) and YUM! Brands (NYSE: YUM) will also be of interest.
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