Dallas,TX 2/12/2010 11:43:40 PM
News / Business

US Stocks Trending Lower (MOT, Agilent, JDSU, QCOM, TXT, TDC, WFR)

US Stocks

 

Today, US stocks are falling after China raised its deposit-reserve ratio, increasing worries over global economic growth, which is making the dollar stronger.

 

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American consumers were more pessimistic about the path of the economy in February, according to media reports of a survey released Friday by the University of Michigan and Reuters. The UMich index fell to 73.7 in February from 74.4 in January. Consumers were more upbeat about currrent economic conditions, with the current index rising from 81.1 in January to 84.1, the highest since March 2008. However, attitudes about the near-term deteriorated, with the expectations index falling to 66.9 in February from 70.1 in January.

 

Gainers

Motorola, Inc. (NYSE:MOT) soared 5.60% to $7.02 after Motorola Inc. (MOT) said late Thursday that it plans to split itself up into two separate companies.

Agilent Technologies Inc. (NYSE:A) rose over 2% to $30 after the company posted better than expected first quarter earnings.

JDS Uniphase Corporation (NASDAQ:JDSU) jumped 2.70% to $8.91 on very high volume and QUALCOMM, Inc. (NASDAQ:QCOM) rose 1.55% to $38.60.

 

Losers

Textron Inc. (NYSE:TXT) fell 2.50% to $18.49.

 

Teradata Corporation (NYSE:TDC) slid 2.80% to $27.57 after its fourth-quarter earnings rose 6.3% on improving gross margin and growing business in the Americas. The business-data storage and analyzing company also raised its 2010 earnings forecast.

MEMC Electronic Materials, Inc. (NYSE:WFR) fell 2% to $12.29.

 

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