Higher Close On Stimulus Measure Hopes

The markets closed sharply higher with the Dow surging 149 points to 14,910 as weakness in the first quarter sparked hopes that the Federal Reserve would continue its stimulus measures. Nasdaq soared 28 points to 3376.

On the upside

Canadian Solar (Nasdaq: CSIQ) partnered with Samsung Renewable Energy to open a manufacturing facility in Ontario.

Chardan Capital Markets wrote that Himax (Nasdaq: HIMX) was oversold.

Liberty Bancshares will merge into Home BancShares (Nasdaq: HOMB).

On the downside

Shares of NanoString Technologies (Nasdaq: NSTG) fell on its first trading day.

PTC Therapeutics (Nasdaq: PTCT) stock fell after closing its initial public offering yesterday.

President Obama announced yesterday during his climate change speech that limits will be imposed on carbon emissions sending shares of coal producer Walter Energy (NYSE: WLT) tumbling.

In the broad market, advancing issues outpaced decliners by a margin of nearly 3 to 1 on the NYSE by nearly 5 to 4 on Nasdaq. The broader S&P 500 index climbed 15 points to 1603.

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