Despite better-than-expected jobs, factory and housing data, stocks wiggled to end modestly lower Thursday with just one more trading session left in 2010.
The Nasdaq and the NYSE composite eased 0.1% apiece and the S&P 500 sank 0.2%. Volume fell across the board. Advancers edged out decliners on the NYSE. But Nasdaq decliners beat advancers 7-to-6.
Anadarko Petroleum (APC) was the second-best percentage gainer in the S&P 500. Shares gapped up and gained 7% in nearly four times average trade. The stock hit its highest levels in more than two years after the U.K.'s Daily Mail reported that mining titan BHP Billiton (BHP) may make a bid on the oil and gas producer. Anadarko was up more than 8% at session peak.
Alpha Natural Resources (ANR) rallied 4% to a two-year high in a 32% rise in average daily volume. The stock has gained 27% since clearing a 47.42 buy point Nov. 8. Analysts see the coal producer's rising 63% in 2010, up from an estimated 32% gain for 2010.
Group mate Walter Energy (WLT) climbed early 4% to a record high. It has gained 30% since clearing a 99.99 buy point Nov. 19.
Rovi (ROVI) climbed for the fourth straight session. It added 3% to a fresh nine-year high in brisk volume. Volume jumped 54% above average. The stock is extended after clearing a base-on-base pattern in September. Rovi provides digital entertainment technologies. Earnings growth accelerated in the latest two quarters.
On the downside, Steven Madden (SHOO) fell 2% in fast trade. The loss put the stock further south of its 50-day line and 6% below a 44.95 buy point from a six-week cup base. The shoe designer's profit growth slowed in the past two quarters.
No economic data or earnings reports are due Friday.
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