Higher Close As Housing Industry Improves
New home construction rose and sales of existing homes soared to lift the markets to a higher close with the Dow rising 13 points to 13,577. Nasdaq gained 4 points to 3182.
On the upside
Groupon (Nasdaq: GRPN) introduced its Groupon Payments credit card payment service for retailers that offer Groupon daily deals.
Shares of wireless service providers Sprint (NYSE: S), Clearwire (Nasdaq: CLWR), MetroPCS (NYSE: PCS) and Leap Wireless (Nasdaq: LEAP) all climbed after Sprint chief executive Dan Hesse said that the industry will consolidate.
BB&T Capital Markets upgraded Chiquita Brands (NYSE: CQB) to a Buy rating.
On the downside
Citron Research reported that Aetna (NYSE: AET) would stop reimbursing for Questcor Pharmaceuticals' (Nasdaq: QCOR) Acthar gel except for treating infantile spasms.
Primero Mining (NYSE: PPP) announced a secondary offering of approximately 8.4 million common shares held by Goldcorp.
Swift Energy (NYSE: SFY) blamed Hurricane Isaac for lowering its full year production guidance.
In the broad market, advancing issues outpaced decliners by a margin of 7 to 5 on the NYSE while decliners edged out advancers by 10 to 9 on Nasdaq. The Russell 2000 which tracks small cap stocks eased a fraction to 856.
Stock Market XML and JSON Data API provided by FinancialContent Services, Inc.
Nasdaq quotes delayed at least 15 minutes, all others at least 20 minutes.
Markets are closed on certain holidays. Stock Market Holiday List
By accessing this page, you agree to the following
Privacy Policy and Terms and Conditions.
Press Release Service provided by PRConnect.
Stock quotes supplied by Six Financial
Postage Rates Bots go here