August 07, 2012 at 13:42 PM EDT
Rising Job Openings Lift Markets At Midday
June job openings climbed to a four year high to lift the markets higher during the midday with the Dow surging 92 points to 13,210. Nasdaq climbed 37 points to 3027.
On the upside
Chimera Investment (NYSE: CIM) must restate all financial reports from 2008 through 2011.
Chesapeake Energy (NYSE: CHK) reported sharply higher second quarter earnings and announced plans to sell approximately $7 billion worth of assets in the current quarter.
MGM Resorts International (NYSE: MGM) fell to a loss for the second quarter but the results were better than expected.
On the downside
Heckmann (NYSE: HEK) reported sharply higher second quarter earnings due to a deferred tax benefit but the results fell short of expectations prompting downgrades. Scientific Games (Nasdaq: SGMS) fell to a loss for the second quarter.
Citron Research alleged that Nu SKin Enterprises (NYSE: NUS) engaged in an illegal pyramid scheme in China.
In the broad market, advancing issues outpaced decliners by a margin of more than 5 to 2 on the NYSE and by nearly 5 to 2 on Nasdaq. The Russell 2000 which tracks small cap stocks soared 10 points to 804.
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