The Dow Ends Flat, Nasdaq Falls 11 Points

The Dow dropped 0.25 points today to close at 13,235.88, the Nasdaq fell 11.10 points to close at 2,541.70 and the S&P 500 lost 1.57 points to close at 1,462.50. Oil jumped $0.57 to close at $69.83 per barrel.

Volume was modest on the NYSE with 3.14 billion shares traded and 1.66 billion shares traded on the Nasdaq. The Advance/Decline line was even on the NYSE at 16:16, but decliners topped advancers at 18:12 on the Nasdaq.

In individual stories, Northfield Laboratories Inc. (Nasdaq: NFLD) jumped 28.4% after the company announced that it has received a notice from the staff of the Securities and Exchange Commission ("SEC") stating that the staff has completed its investigation of the Company and does not intend to recommend any enforcement action against the Company. The Company previously announced the initiation of that investigation on March 16, 2006. The Children's Place Retail Stores (Nasdaq: PLCE) fell 17% after reporting Q2 revenues of $424.3 million vs. $422.3 million consensus. The Company also issued FY EPS guidance and cited negative issues in a licensing deal with Disney.

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