Closing Bell Report
Investors eagerly anticipating another interest rate cut lifted the markets to a higher close even as crude oil prices soared to settle at a record $93.53 a barrel. The Dow surged 64 points to 13,870 while Nasdaq climbed 13 points to 2817.

On the upside

Soaring oil prices lifted shares of solar cell maker China Sunergy (Nasdaq: CSUN).

Third quarter earnings for CTC Media (Nasdaq: CTCM) more than doubled as advertising revenue climbed.

Shares of Suntech Power (NYSE: STP) surged as crude oil prices soared to new highs.

On the downside

Clayton Holdings (Nasdaq: CLAY) was downgraded after reporting a third quarter loss on Friday.

Following the FBI raid on WellCare Health Plans' (NYSE: WCG) headquarters, the Securities and Exchange Commission has also requested information from the managed health care services provider.

Champion Enterprises (NYSE: CHB) will refinance its debt through a $130 million senior convertible notes offering.

In the broad market, advancing issues outpaced decliners by a margin of 7 to 5 on the NYSE while advancers barely edged out decliners by a slim margin on Nasdaq. The Russell 2000 which tracks small cap stocks added a fraction to 822.

Related Stocks:
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