Winners and Losers: Merrill, Nissan Post Solid Gains
The Merrill Lynch saga continued Monday, with the imminent departure of Chief Executive Officer Stanley O’Neal leaving investors wondering who the board will pick to mend the struggling brokerage. Laurence Fink, chief executive of Blackrock , is the front-runner for the top job.
At the close of trading, Merrill Lynch shares had climbed more than 2 percent to $67.42.
Other winners of the day included Nissan Motor , which leaped more than 11 percent to $22.57. The automaker known for luxury brand Infiniti turned in better-than-expected earnings.
Alcoa was up 2.7 percent to close at 40.43, and Exxon Mobil closed at $93.61, up 1.51 percent.
On the losing side, Office Depot reported that its third quarter results would be delayed due to accounting concerns. That was enough to send the stock down more than 14 percent to $17.43.
Other losers were Yahoo ,which fell 5.47 percent to $31.79, Caterpillar which declined 1.52 percent closing to finish at $73.90, and JP Morgan , down 1.37% at $46.67.
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