Services Sector Expands Less Than Expected

While the nation's services sector expanded in December, the gain was below expectations. The markets turned negative during the midday with the Dow easing a fraction to 10,571. Nasdaq lost 5 points to 2303.

On the upside

Shares of Sunesis Pharmaceuticals (Nasdaq: SNSS) surged after website BioMed Reports commented that traders should take advantage of any retreat in the stock price.

Cyclacel Pharmaceuticals (Nasdaq: CYCC) president and chief executive Spiro Rombotis will make a presentation at the OneMedForum 2010 Finance Conference.

Worthington Industries (NYSE: WOR) reversed year ago losses to post a profit for the second quarter as steel prices rose and the company improved its inventory management.

On the downside

Robbins & Myers (NYSE: RBN) disappointed with sharply lower first quarter earnings revenue fell.

Investopedia named MetroPCS (NYSE: PCS) as one of the worst performing stocks of 2009.

UBS downgraded Kansas City Southern (NYSE: KSU).

In the broad market, advancing issues outpaced decliners by a margin of more than 5 to 3 on the NYSE and by nearly 10 to 9 on Nasdaq. The Russell 2000 which tracks small cap stocks edged up a point to 639.

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