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Investors remained wary about the fiscal cliff as well
as euro zone debt. The markets extended modest gains as the Dow rose 28
points to 13,183. Nasdaq gained 16 points to 2994.
On the upside
McDonald's (NYSE:MCD) same-store sales in November rose 2.4% reversing October's decline, the first in 9 years.
Shares
of Celldex Therapeutics (Nasdaq: CLDX) surged after the company
announced positive results for its breast cancer treatment.
Shares
of UniPixel (Nasdaq: UNXL) extended Friday's again after the
touchscreen equipment company announced a major deal with an undisclosed
PC maker.
On the downside
American International Group (NYSE: AIG) said losses related to superstore Sandy will total $1.3 billion.
Shares
of Diamond Foods (Nasdaq: DMND) fell after the snack maker posted a 4th
quarter that beat expectations. However, an ongoing accounting probe
weighed on the stock.
Shares of clothing
retailer Gap (NYSE: GPS) continued to erode. The operator of Old Navy
and Banana Republic stores recently reported a 3% increase in same-store
November sales which missed estimates.
In the
broad market, advancing issues outpaced decliners by a margin of 4 to 3
on both the NYSE and Nasdaq. The S&P 500 added 2 points to 1420.
Article Source: MarketMinute
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