Greece committed to cutting more government jobs to reign in spending sending the markets soaring during the midday with the Dow surging 128 points to 11,529. Nasdaq climbed 22 points to 2635.
On the upside
Direct-to-consumer subscription products marketer Atrinsic (Nasdaq: ATRN) announced that Kazaa's streaming music application is now available through Apple's (Nasdaq: AAPL) App Store.
Magnum Hunter (NYSE: MHR) provided operations and production updates for its Eagle Ford Shale resource in Southern Texas.
Carnival (NYSE: CCL) reported higher third quarter earnings that topped analyst estimates as revenue climbed.
On the downside
Investors continued to unload shares of Netflix (Nasdaq: NFLX) in protest to their rate increases.
Sina (Nasdaq: SINA) announced new self-censorship measures to prevent false rumors from quickly spreading through the company's microblogging site Weibo.
HealthSouth (NYSE: HLS) will host a conference call tomorrow, September 21, to discuss the potential impact of President Obama's inpatient rehabilitation-related proposals for his Plan for Economic Growth and Deficit Reduction.
In the broad market, advancing issues outpaced decliners by a margin of more than 5 to 3 on the NYSE and by more than 3 to 2 on Nasdaq. The Russell 2000 which tracks small cap stocks added 3 points to 705.
