Mixed Close As Services Sector Expands Less Than Expected

It was a mixed close for the markets with the Dow adding a point to 10,573 as the services sector expanded but not as much as expected. Nasdaq fell 7 points to 2301.

On the upside

Oppenheimer analyst Sam Dubinsky lifted his price target for Solarfun Power Holdings (Nasdaq: SOLF).

Kulicke & Soffa Industries (Nasdaq: KLIC) chairman and chief executive Scott Kulicke and interim chief financial officer Michael J. Morris will both make presentations at the 12th Annual Needham Growth Stock Conference in New York.

Earlier this week, China TransInfo Technology (Nasdaq: CTFO) announced that it secured a contract valued at approximately $3.9 million to design a comprehensive management and transportation emergency response center information system for Shanghai.

On the downside

Broadwind Energy (Nasdaq: BWEN) will offer 15 million common shares.

Apple (Nasdaq: AAPL) purchased mobile advertising firm Quattro Wireless.

United Airlines (Nasdaq: UAUA) announced fee waivers for flight changes for travelers going to or returning from the Midwest and Southeast due to winter storms.

In the broad market, advancing issues outpaced decliners by a margin of nearly 5 to 3 on the NYSE while decliners edged out advancers by nearly 5 to 4 on Nasdaq. The Russell 2000 which tracks small cap stocks eased a fraction to 637.

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