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Recession concerns pulls NASDAQ down

February 6th, 2008

The US markets had yet another bad trading day as the markets were down on concerns of rescission. NASDAQ, S&P 500, NASDAQ 100, Russell 1000, Russell 2000 are down over 3% while Dow Jones Industrial Average is down over 2.9%

Most advancing stocks on the NASDAQ include IDM Pharma, Inc. , ChinaCast Education Corporation, Yucheng Technologies Limited, NetScout Systems, Inc. and Beasley Broadcast Group, Inc. while the toppers in the declines list include SiRF Technology Holdings, Inc., Rainmaker Systems, Inc., ARM Holdings, plc, Bakers Footwear Group, Inc. and Rochester Medical Corporation

IDM Pharma Inc. (NASDAQ: IDMI) opened the day at $1.10, touched an intraday high of $3.88 before closing at $3.81. The script reported unusual mid-day volumes. IDM Pharma Announces Phase 3 Mifamurtide (L-MTP-PE) Study Demonstrating Improved Survival Published In The Journal Of Clinical Oncology.

Entry Filed under: Global Markets