Markets Advance As Jobless Claims Fall

The markets traded higher during the midday with the Dow soaring 107 points to 15,017 as first time applications for unemployment benefits fell. Nasdaq climbed 29 points to 3405.

On the upside

Hanwha SolarOne (Nasdaq: HSOL) secured a three year $100 million term loan facility from the Export-Import Bank of Korea.

Wind Telecomunicazioni selected Alcatel-Lucent (NYSE: ALU) to upgrade and expand its nationwide fibre-optic transport and IP communications networks.

Shares of CDW (Nasdaq: CDW) climbed on its first trading day.


On the downside


Wells Fargo downgraded Diana Containerships (Nasdaq: DCIX) from an Outperform rating to a Market Perform rating.


Concerns that Greece's bailout program may not have enough funds sent shares of National Bank of Greece (NYSE: NBG) tumbling.


Investors locked in profits on Raptor Pharmaceuticals (Nasdaq: RPTP).

In the broad market, advancing issues outpaced decliners by a margin of nearly 6 to 1 on the NYSE by more than 3 to 1 on Nasdaq. The broader S&P 500 index climbed 10 points to 1613.

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