Greater Than Expected Job Cuts Weighs Down Dow

The markets opened mixed with the Dow slipping 15 points to 10,556 after employers cut more than expected jobs in December. Nasdaq added a fraction to 2309.

On the upside

Netlist (Nasdaq: NLST) chief executive C. K. Hong will make a presentation at the Needham 12th Annual Growth Stock Conference.

Taser International (Nasdaq: TASR) shipped three large orders in December 2009 and expects fourth quarter revenue to be approximately $32 million.

Family Dollar Store (NYSE: FDO) reported higher first quarter earnings that topped estimates as revenue rose.

On the downside

Sonic (Nasdaq: SONC) blamed the economy for lower first quarter earnings that fell short of analyst expectations.

Beazer Homes (NYSE: BZH) announced plans to offer 18 million common shares and $50 million worth of senior convertible notes.

Goldman Sachs downgraded Louisiana Pacific (NYSE: LPX) to a Sell rating.

In the broad market, advancing issues outpaced decliners by a margin of nearly 5 to 5 on the NYSE and by more than 9 to 7 on Nasdaq. The Russell 2000 which tracks small cap stocks added a point to 639.

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