Investors hopeful that European leaders will soon finalize plans to support debt laden economies lifted the markets to a sharply higher close with the Dow soaring 146 points to 11,190. Nasdaq climbed 30 points to 2546.
On the upside
Quantum (NYSE: QTM) named Tom Valiente as vice president, North America Channel Sales.
Motley Fool listed Powerwave Technologies (Nasdaq: PWAV) as one of three stocks that is attractively priced with much upside potential.
Zale (NYSE: ZLC) updated investors that its reorganization plan was working and that the company was on a path to profitability.
On the downside
KEYW Holding (Nasdaq: KEYW) lost a contract to a rival cybersecurity services company for systems integration services.
The bankruptcy of Solyndra continued to weigh down Suntech Power Holdings (NYSE: STP).
Xueda Education (NYSE: XUE) will repurchase $30 million worth of American depositary shares.
In the broad market, advancing issues outpaced decliners by a margin of more than 4 to 1 on the NYSE and by more than 3 to 1 on Nasdaq. The Russell 2000 which tracks small cap stocks surged 14 points to 680.
