December 11, 2012 at 17:06 PM EST
Fed Stimulus Hopes Boost Markets
Hope for additional stimulus measures by the Federal Reserve lifted the markets to a higher close with the Dow gaining 78 points to 13,248. Nasdaq surged 35 points to 3022.
On the upside
A Seeking Alpha contributor sees upside potential to Molycorp (NYSE: MCP) in the near term.
Delta Air Lines (NYSE: DAL) paid approximately $360 million to acquire a 49% stake in Virgin Atlantic.
On the downside
J. P. Morgan downgraded Family Dollar Stores (NYSE: FDO) to a Neutral rating.
Craig Hallum and Needham initiated coverage of Ruckus Wireless (NYSE: RKUS) with Buy ratings but the stock price dropped.
Profit taking sank shares of CombiMatrix (Nasdaq: CBMX).
In the broad market, advancing issues outpaced decliners by a margin of more than 2 to 1 on the NYSE and by nearly 5 to 2 on Nasdaq. The broader S&P 500 index added 9 points to 1427.
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 Six Financial
Postage Rates Bots go here