The markets opened higher with the Dow soaring 127 points to 12,080 as retail sales in May fell less than expected. Nasdaq leaped 39 points to 2678.
On the upside
First quarter earnings slipped for Best Buy (NYSE: BBY) but the results topped analyst estimates.
LML Payment Systems (Nasdaq: LMLP) reversed year ago losses to post a profit for the fourth quarter.
Bargain hunters lifted share of E-Commerce China Dangdang (NYSE: DANG), Youku.com (NYSE: YOKU) and Renren (NYSE: RENN) .
On the downside
Majesco Entertainment (Nasdaq: COOL) reversed year ago losses to post a profit for the second quarter but the stock price fell.
Avis Budget (NYSE: CAR) will pay approximately $1 billion to acquire Avis Europe sending shares of Dollar Thrifty (NYSE: DTG) tumbling. Regulators have been reviewing offers to purchase Dollar Thrifty from Avis and Hertz (NYSE: HTZ).
AngioDynamics (Nasdaq: ANGO) announced the immediate resignation of chief executive officer Jan Keltjens and issued a fourth quarter outlook that fell short of expectations.
