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Stocks Close Mixed as Bernanke's Speech Weighs

The benchmark 10-year Treasury rose 3/32, diluting the yield to 1.628%. The greenback fell 0.10%, according to the dollar index.

In corporate news, Nokia (NOK) was a big mover to the upside after the company reached a deal to provide its mapping and location services for Oracle (ORCL) customers.

Wendy's (WEN - Get Report) shares tumbled 6.1% after Janney Capital cuts its view on the quick-service hamburger stock to neutral and brought down its valuation forecast on Wendy's to $4.75, estimating flat to a 2% decline in North American same-store sales.

Berkshire Hathaway's (BRK.B) MidAmerican Energy subsidiary agreed to buy two wind projects under construction about 120 miles north of Los Angeles from wind developer Terra-Gen Power. Berkshire shares added less than 1% on the news.

Cal-Maine Foods (CALM) posted first-quarter earnings of 39 cents a share, up from 13 cents a share the same time last year as revenue increased 12% to $272.9 million, reflecting higher average market prices for shell eggs. Analysts were expecting earnings of 40 cents a share on revenue of $282 million. Shares closed up 1.7%.

Goldman Sachs (GS - Get Report) shares rose 2.8% after a Barron's article over the weekend suggested the stock could rise 25% next year.




--Written by Andrea Tse and Joe Deaux in New York.



>To contact the writer of this article, click here: Andrea Tse.

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SYM TRADE IT LAST %CHG
GS $186.91 -1.67%
WEN $10.84 -1.81%
AAPL $126.60 0.15%
FB $80.00 -1.48%
GOOG $567.68 -1.33%

Markets

DOW 17,856.78 -278.94 -1.54%
S&P 500 2,071.26 -29.78 -1.42%
NASDAQ 4,927.37 -55.4390 -1.11%

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