The Dow Gains 29 Points, Nasdaq Adds 3
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The Dow added 28.76 points today to close at 12,445.52, the Nasdaq gained 3.35 points to close at 2,457.20, and the S&P 500 added 1.60 points to close at 1,427.09.
Volume was heavy with 3.3 billion shares trading on the NYSE and 2.4 billion trading on the Nasdaq.
Decliners topped Advancers by a margin of 17:15 on the NYSE and 16:16 on the Nasdaq.
In individual stories, Isilon Systems (Nasdaq: ISLN) - Today's IPO gained 77.7%. The IPO was originally pricing at $13 per share, above the expected $11-$12 range, which was raised from $8.50-$9.50.
Black & Decker Corp (NYSE: BDK) fell 10% after the Company said - due to lower-than-expected sales - net earnings per diluted share are anticipated to be $1.30-to-$1.35 for the fourth quarter of 2006 and approximately $6.50 for the full year. The consensus is $1.86 and $7.01, respectively.
Volume was heavy with 3.3 billion shares trading on the NYSE and 2.4 billion trading on the Nasdaq.
Decliners topped Advancers by a margin of 17:15 on the NYSE and 16:16 on the Nasdaq.
In individual stories, Isilon Systems (Nasdaq: ISLN) - Today's IPO gained 77.7%. The IPO was originally pricing at $13 per share, above the expected $11-$12 range, which was raised from $8.50-$9.50.
Black & Decker Corp (NYSE: BDK) fell 10% after the Company said - due to lower-than-expected sales - net earnings per diluted share are anticipated to be $1.30-to-$1.35 for the fourth quarter of 2006 and approximately $6.50 for the full year. The consensus is $1.86 and $7.01, respectively.
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