Markets Close Flat Over Finance Reform

It was a flat close for the markets with the Dow adding a fraction to 11,205 over concerns about the Congressional financial reform package. Nasdaq lost 7 points to 2522.

On the upside

First quarter earnings for Titan International (NYSE: TWI) slipped but the results topped analyst estimates.

Shares of Frontier Financial (Nasdaq: FTBK) surged to nearly double on no news.

Deutsche Bank upgraded RSC Holdings (NYSE: RRR) to a Buy rating.

On the downside

Keefe Bruyette downgraded Banner (Nasdaq: BANR) to an Underperform rating.

Although first quarter earnings for China Security & Surveillance Technology (NYSE: CSR) surged, revenue missed estimates.

Credit Suisse downgraded DeVry (NYSE: DV) citing job market improvements and possible changes in regulations.

In the broad market, declining issues outpaced advancers by a margin of nearly 5 to 4 on the NYSE and by nearly 10 to 9 on Nasdaq. The Russell 2000 which tracks small cap stocks slipped 3 points to 738.