Assurances from France and Germany to finalize a plan by the end of the month to address the debt crisis lifted the markets sharply higher during the midday with the Dow leaping 275 points to 11,378. Nasdaq surged 75 points to 2555.
On the upside
Equity Markets issued a research report on Abraxas Petroleum (Nasdaq: AXAS) .
Cal Dive International (NYSE: DVR) reduced its credit facility to $150 million from $300 million.
Macau reported a 13% increase in visitors from China during the Chinese national holiday week to lift shares o Melco Crown Entertainment (Nasdaq: MPEL).
On the downside
Shares of Vertex Pharmaceuticals (Nasdaq: VRTX) dropped after rival Pharmasset (Nasdaq: VRUS) expanded a mid-stage clinical trial of its hepatitis C treatment PSI-7977.
Natus Medical (Nasdaq: BABY) disappointed with preliminary third quarter earnings that fell short of analyst expectations and cut its full year guidance.
Shares of Clearwire (Nasdaq: CLWR) continued falling after Sprint's (NYSE: S) announcement on Friday that it would no longer support Clearwire's network.
In the broad market, advancing issues outpaced decliners by a margin of 8 to 1 on the NYSE and by more than 4 to 1 on Nasdaq. The Russell 2000 which tracks small cap stocks ju
