Higher Open On Strong Earnings
Strong earnings news lifted that markets to a sharply higher open with the Dow surging 110 points to 13,534. Nasdaq gained 16 points to 3081.
On the upside
New Frontier Media (Nasdaq: NOOF) will be acquired by LFP Broadcasting for a premium of $2.02 per share in cash.
Domino's Pizza (NYSE: DPZ) reported higher third quarter earnings and revenue that topped analyst expectations.
Murphy Oil (NYSE: MUR) will separate into two different companies, one dedicated to retail sales and the other focused on oil exploration and production.
On the downside
Bloomberg reported that Sprint (NYSE: S) will not acquire the remaining shares of Clearwire (Nasdaq: CLWR) that it does not already own.
Bankrate (NYSE: RATE) warned that third quarter earnings would fall short of expectations.
Abnormal growths developed in some clinical trial patients treated with Isis Pharmaceuticals' (Nasdaq: ISIS) Kynamro.
In the broad market, advancing issues outpaced decliners by a margin of nearly 7 to 2 on the NYSE and by nearly 7 to 3 on Nasdaq. The Russell 2000 which tracks small cap stocks gained 5 points to 833.
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