Market News:

Weekly Market Wrap: 7/30/10

Economic growth slumps in the second quarter. Gold miners set record revenues and profits on all-time highs in the price of gold.

Alcatel-Lucent Lights Up After Earnings

Company reports big rise in revenue, profits.

Smart Grid Fund Among Friday's Best-Looking ETFs

In trading on Friday, the First Trust NASDAQ Clean Edge Smart Grid Infrastructure Index Fund ETF is outperforming other ETFs, up about 2%.

Sunoco Shines, But Diummer Days Ahead

Analyst warns of challenging times ahead for industry after cost cuts drive strong quarter for refiner.

Monster Charges Higher

In trading on Friday, advertising agencies shares were relative leaders, up on the day by about 2%.

Trucking Firms Trail Friday

In trading on Friday, trucks & other vehicles shares were relative laggards, down on the day by about 1.7%.

Consumer Discretionary Fund Wins Popularity Contest

The iShares S&P Global Consumer Discretionary Sector Index Fund ETF saw unusual action Friday as volume jumped.

Northrop Execs Get Vote Of Confidence

BofA upgrades stock, citing defense firm's management's strong performance through tough period.

Frontier Communications Falls After Dividend Announcement

Firm cuts payout to 18. 75 cents per share, a decrease of about 25% from its prior dividend.

Downgrades: OPEN, GD, MOT

This morning, Bank of America downgraded shares of OpenTable (OPEN) from buy to neutral citing valuation. The stock has gained more than 75% year to date and could use a breather.