Dow Surges To Close At Record 14,253

The Dow surged 125 points to close at a record high of 14,253 after China announced plans to guarantee 7.5% economic growth in 2013. Nasdaq leaped 42 points 3224.

On the upside

Fourth quarter earnings surged nearly threefold for Santarus (Nasdaq: SNTS) as revenue soared.

Shares of Qihoo 360 (NYSE: QIHU) climbed ahead of its earnings release after market close.

Speculation that (Nasdaq: SOHU) may be taken private lifted shares of the online media company.

On the downside

Profit taking sank shares of Boyd Gaming (NYSE: BYD).

Wunderlich downgraded SandRidge Mississippian Trust (NYSE: SDT) from a Sell rating to a Hold rating and cut its price target to $13 from $17.50.

Needham initiated coverage of Millennial Media (NYSE: MM) with a Hold rating.

In the broad market, advancing issues outpaced decliners by a margin of nearly 3 to 1 on the NYSE and by nearly 5 to 2 on Nasdaq. The broader S&P 500 index climbed 14 points to 1539.

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