Mixed Close As Upbeat Retail Sales Tempers Debt Limit Concerns
January 15, 2013 at 09:26 AM EST
The markets closed mixed with the Dow rising 27 points to 13,534 as better than expected retail sales tempered concerns about the debt limit. Nasdaq slipped 6 points to 3110. On the upsideComcast (Nasdaq: CMCSA) will invest $150 million in Arris Group (Nasdaq: ARRS).Quiksilver (NYSE: ZQK) global brand president and chief operating officer Craig Stevenson sold nearly 20,000 shares of company stock.Aeropostale (NYSE: ARO) partnered with DoSomething.org to launch their sixth annual Teens for Jeans campaign to collect one million pair of jeans for homeless teens.On the downsideStifel Nicolaus downgraded TTM Technologies (Nasdaq: TTMI) from a Buy rating to Hold. Facebook’s (Nasdaq: FB) new Graph Search tool allowing users to search for information shared by friends weighed down shares of Yelp (Nasdaq: YELP).Body Central (Nasdaq: BODY) lowered its fourth quarter earnings outlook and slashed its 2012 earnings guidance.In the broad market, advancing issues outpaced decliners by a margin of more than 9 to 7 on the NYSE and by more than 10 to 9 on Nasdaq. The broader S&P 500 index added a point to 1472.