ECB Affirms Commitment To Bond Buying, Markets Advance
European Central Bank president Mario Draghi affirmed the bank's commitment to purchasing bonds. The markets traded higher during the midday with the Dow soaring 90 points to 13,585 while Nasdaq gained 7 points to 3142.
On the upside
NII Holdings (Nasdaq: NIHD) named Juan R. Figuereo to the position of executive vice president and chief financial officer.
Rising gold prices lifted shares of Kinross Gold (NYSE: KGC).
Cemex (NYSE: CX) forecast a 9% increase in third quarter operating EBITDA.
On the downside
Investors locked in profits on Sarepta Therapeutics (Nasdaq: SRPT) whose stock price surged yesterday on upbeat eteplirsen trial results.
HMS Holdings (Nasdaq: HMSY) cut its full year outlook and lowered its earnings guidance.
Boardwalk Pipeline Partners (NYSE: BWP) priced its offering of 10 million common units at the discounted price of $26.99 per unit.
In the broad market, advancing issues outpaced decliners by a margin of more than 5 to 3 on the NYSE and by 10 to 9 on Nasdaq. The Russell 2000 which tracks small cap stocks edged up a fraction to 838.
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