Higher Close As Greece Works On Power-Sharing Deal

The markets recovered losses in afternoon trading to close higher with the Dow climbing 85 points to 12,068 as the Greek government worked to finalize a power-sharing agreement. Nasdaq rose 9 points to 2695.

On the upside

HMS Holdings (Nasdaq: HMSY) will pay approximately $400 million to acquire HealthDataInsights.


Strong box office receipts for DreamWorks Animation's (Nasdaq: DWA) "Puss in Boots" in its second week of release lifted shares of the animation studio.


Hayman Capital Management fund manager J. Kyle Bass acquired a 4.9% stake in MGIC Investment (NYSE: MTG).

On the downside


Dynegy (NYSE: DYN) subsidiary Dynegy Holdings will file for Chapter 11 bankruptcy protection.


Cameco (NYSE: CCJ) disappointed with sharply lower third quarter earnings.

Shares of Optimer Pharmaceuticals (Nasdaq: OPTR) continued falling after reporting a wider third quarter loss last week.

In the broad market, advancing issues outpaced decliners by a margin of 5 to 4 on the NYSE while decliners edged out advancers by more than 9 to 7 on Nasdaq. The Russell 2000 which tracks small cap stocks eased a point to 745.

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