Gain In Consumer Confidence Lifts Markets
A greater than expected jump in consumer confidence lifted the markets to a higher open with the Dow rising 38 points to 13,598. Nasdaq gained 9 points to 3169.
On the upside
Sidewinder Drilling will pay a premium of approximately $139 million to acquire Union Drilling (Nasdaq: UDRL).
Bargain hunters lifted shares of Peregrine Pharmaceuticals (Nasdaq: PPHM) whose stock price plummeted yesterday after warning of discrepancies in a lung cancer drug trial.
Genetic Technologies (Nasdaq: GENE) received clearance to sell its breast cancer genetic test BREVAGen in Florida.
On the downside
Staples (Nasdaq: SPLS) will close approximately 60 stores worldwide and focus on its online business.
Odyssey Marine Exploration (Nasdaq: OMEX) blamed weather conditions for deferring recovery work on two shipwrecks until the second quarter of 2013.
Key Energy Services (NYSE: KEG) warned that third quarter revenue would fall short of expectations.
In the broad market, advancing issues outpaced decliners by a margin of more than 2 to 1 on the NYSE and by more than 5 to 3 on Nasdaq. The Russell 2000 which tracks small cap stocks gained 4 points 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