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Falling Dollar Lifts Markets
Published: 11/09/09 12:24 PM EST
The markets continued to advance during the midday with the Dow soaring 152 points to 10,176 as the dollar fell further. Nasdaq jumped 31 points to 2144.
The markets continued to advance during the midday with the Dow soaring 152 points to 10,176 as the dollar fell further. Nasdaq jumped 31 points to 2144.

On the upside

Credit Suisse analyst Arun Jayaram upgraded offshore drilling services company Hercules Offshore (HERO) and lifted his price target.

The Wall Street Journal reported that Sprint Nextel (S) will invest over $1 billion into Clearwire (CLWR).

Moody's Investors Service lifted its debt rating on TRW Automotive (TRW) citing improving operating performance.

On the downside

Third quarter revenue fell for Sunrise Senior Living (SRZ).

Goldman Sachs issued a Sell rating for Lexmark International (LXK) citing gains in the stock price.

Shares of Fuqi International (FUQI) fell despite higher third quarter earnings and revenue.

In the broad market, advancing issues outpaced decliners by a margin of more than 4 to 1 on the NYSE and by nearly 7 to 3 on Nasdaq. The Russell 2000 which tracks small cap stocks gained 9 points to 590.


MarketMinute.com Market Updates
Thu, Sep 09, 2010
05:33 PM Jobless Claims Drop To Two-Month Low, Markets Close Higher
01:36 PM Markets Rise As Jobless Claims Drop
10:53 AM Markets Open Higher As Jobless Claims Drop
Wed, Sep 08, 2010
05:22 PM Economists Trim Growth Outlook, Markets Close Modestly Higher
02:03 PM Job Openings Rise, Markets Advance
10:46 AM Markets Open Higher As Portugal's Debt Auction Garners Strong Demand
Tue, Sep 07, 2010
05:46 PM Markets Close Lower Over Risky European Debt
02:05 PM European Debt Concerns Sink Stocks
10:50 AM Risky European Debt Weighs Markets Down To Lower Open
Mon, Sep 06, 2010
10:28 AM U. S. Markets Closed
Fri, Sep 03, 2010
05:38 PM Impressive Job Creation Numbers Lift Markets To Higher Close
01:46 PM Markets Advance Over Upbeat Jobs Report
10:50 AM Upbeat Jobs Report Lifts Markets To Higher Open
Thu, Sep 02, 2010
05:39 PM Drop In Jobless Claims Lifts Markets To Higher Close
02:22 PM Markets Flat As Factory Orders Rise Less Than Expected
10:50 AM Increase In Pending Home Sales Lifts Markets To Higher Open
Wed, Sep 01, 2010
05:53 PM Markets Surge To Sharply Higher Close As Manufacturing Activity Expands
02:15 PM Manufacturing Activity Expands, Markets Soar
10:42 AM Surprise Gain In Manufacturing Activity Lifts Markets To Sharply Higher Open
Tue, Aug 31, 2010
05:28 PM Flat Close As Fed Minutes Reveal Economy Weaker Than Expected
02:06 PM Consumer Confidence Rises More Than Expected, Markets Advance
10:31 AM Surprise Gain In Consumer Confidence Lifts Markets To Higher Open
Mon, Aug 30, 2010
05:35 PM Markets Tumble As Personal Incomes Rise Less Than Expected
02:04 PM Personal Income Rises Less Than Expected, Markets Lower
10:47 AM Lower Open As Personal Income Disappoints
Fri, Aug 27, 2010
05:23 PM Fed Will Jumpstart Economy, Markets Soar
02:09 PM Markets Soar As Economy Expands
10:52 AM Higher Open Even As Economic Growth Slows
Thu, Aug 26, 2010
05:42 PM Economic Worries Sink Stocks
02:19 PM Double Dip Recession Concerns Weigh Down Stocks
 

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