Bargain hunters lifted the markets to a sharply higher open after yesterday's huge sell-off with the Dow leaping 213
points to 11,023. Nasdaq jumped 70 points to
2427.
On the upside
Radian Group (NYSE: RDN) reported a drop in delinquent loans and $1 billion in new insurance for July.iStar Financial (NYSE: SFI) will repurchase up to $65 million worth of common shares.
Mako Surgical (Nasdaq: MAKO) widened second quarter losses but revenue surged.
On the downside
Stereotaxis (Nasdaq: STXS) widened second quarter losses as revenue dropped, withdrew its outlook for the year and announced the resignation of chief financial officer Dan Johnston.
Limelight Networks (Nasdaq: LLNW) blamed increased expenses for widening second quarter losses more than expected and forecast current quarter results below estimates.
Second quarter earnings slipped for Fossil (Nasdaq: FOSL) and the fashion accessories maker forecast third quarter as well as full year results below expectations.
In the broad market, advancing issues outpaced decliners by a margin of 9 to 2 on the NYSE and by 7 to 2 on Nasdaq. The Russell 2000 which tracks small cap stocks soared 17 points to 668.
