November 23, 2012 at 13:25 PM EST
Gain In Ifo Index Boosts Markets
An unexpected gain in Germany's Ifo Business Climate index sent the markets soaring to a sharply higher close on a shortened holiday trading session with the Dow leaping 172 points to 13,009. Nasdaq soared 40 points to 2966.
On the upside
Indications that the manufacturing industry in China expanded for the first time in 13 months lifted shares of e-Commerce China Dangdang (NYSE: DANG).
The Food and Drug Administration accepted MAP Pharmaceuticals' (Nasdaq: MAPP) New Drug Application resubmission for inhaled migraine treatment Levadex.
On the downside
Electrobas (NYSE: EBR) extended its losses over concerns that rate cuts and hydroelectric dam concessions will hurt revenue.
The Securities and Exchange Commission launched an investigation into OCZ Technology (NYSE: OCZ).
Profit taking sank shares of Dynavax Technologies (Nasdaq: DVAX).
In the broad market, advancing issues outpaced decliners by a margin of more than 4 to 1 on the NYSE and by a margin of 5 to 2 on Nasdaq. The Russell 2000 which tracks small cap stocks soared 8 points to 807.
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
Press Release Service provided by PRConnect.
Stock quotes supplied by Telekurs USA
Postage Rates Bots go here