A plan by global central banks to loan American dollars to struggling European banks lifted the markets to a sharply higher close with the Dow surging 186 points to 11,433. Nasdaq jumped 34 points to 2607.
On the upside
Silvercorp Metals (NYSE: SVM) has repurchased nearly 4 million shares of common stock.
Magnum Hunter (NYSE: MHR) chairman and chief executive Gary C. Evans presented yesterday afternoon at the Rodman & Renshaw's Annual Global Investment Conference.
News that global central banks will loan American dollars to European banks lifted shares of Deutsche Bank (NYSE: DB) and ING Group (NYSE: ING).
On the downside
Aixtron (Nasdaq: AIXG) blamed market weakness for slashing its revenue guidance for the year.
Robbins Umeda filed a class action lawsuit against Sequans Communications (NYSE: SQNS) for issuing false and misleading statements about the financial health of the company.
Retreating gold prices weighed down shares of US Gold (NYSE: UXG).
In the broad market, advancing issues outpaced decliners by a margin of nearly 3 to 1 on the NYSE and by 2 to 1 on Nasdaq. The Russell 2000 which tracks small cap stocks climbed 9 points to 713.
