Midday Nasdaq Mostly Flat, but Google Helps It Stay Above Water

By Jonah Loeb  DEC 12, 2012 2:53 PM

Also, the new BlackBerry is apparently pretty cool.

 


MINYANVILLE ORIGINAL The Nasdaq Composite Index (INDEXNASDAQ:.IXIC) traded mostly flat today, rising 0.15% to 3,026.50 at 2:45 p.m. EST on cautious optimism about deals on the fiscal cliff and positive news out of Europe.
 
It was a strong day for Research in Motion (NASDAQ:RIMM), which rose 4.44% to $13.16 on high volume as the new BlackBerry mobile device wowed critics, although some analysts are warning that the device is up against stiff competition. Netflix (NASDAQ:NFLX) is also facing competition in the form of Coinstar (NASDAQ:CSTR), but nevertheless rose 7.50% to $92.48. Coinstar also did well, rising 3.78% to $52.73 on double its average volume.
 
Yahoo (NASDAQ:YHOO) fell 0.67% to $19.39 despite releasing the new Flickr mobile photo-sharing app to rave reviews. Facebook (NASDAQ:FB), meanwhile, fell 1.11% to $27.67 after retooling its privacy settings and confirming that its Instagram photo-sharing app would begin to display advertisements.
 
Finally, tech giant Google (NASDAQ:GOOG) rose 0.58% to $700.92 after executive chairman Eric Schmidt gave an interview in which he declared that the Android operating system was handily winning the mobile war with Apple (NASDAQ:AAPL); Tim Cook’s company saw its shares fall 0.27% to $540.25.
No positions in stocks mentioned.