Opening Bell Report

Hints of an interest rate cut lifted the markets higher with the Dow surging nearly 200 points to 13,150. Nasdaq jumped 44 points to 2625.

On the upside

Citigroup (NYSE: C) led the financial services sector which continued to rebound on hopes of an interest rate cut.

Shares of Freddie Mac (NYSE: FRE) rose after the lender's sale of $6 billion in preferred stock triggered lower than expected debt protection costs.

An analyst upgraded online retailer (Nasdaq: OSTK) on valuation and its growth prospects.

On the downside

Shares of (Nasdaq: BIDZ) continued to lose ground due to a disappointing outlook.

Sonic Solutions (Nasdaq: SNIC) announced that it would missed 3rd quarter targets on lower revenues due to consumer uncertainty about DVD standards.

Shares of Semtech (Nasdaq: SMTC) fell despite the semiconductor maker posting profits that more than doubled on high demand for its analog and mixed-signal semiconductors.

In the broad market, advancing issues outpaced decliners by a margin of more than 3 to 1 on the NYSE and by 2 to 1 on Nasdaq. The Russell 2000 which tracks small cap stocks rose 12 points to 756.

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