Central banks acted together to lower interest rates sending the markets soaring to a sharply higher close with the Dow rocketing 490 points to 12,045. Nasdaq surged 104 points to 2620.
On the upside
Bargain hunters snapped up shares of JA Solar (Nasdaq: JASO), whose stock price dropped yesterday after Li Junfeng, deputy director general of the Beijing-based Energy Research Institute at the National Development and Reform Commission, said that half of the Chinese solar companies will not be around in ten years.
RBC Capital Markets upgraded Leap Wireless (Nasdaq: LEAP) to an Outperform rating.
Standard & Poor's affirmed the MBIA (NYSE: MBI) subsidiary National Public Finance Guarantee Corp's BBB rating.
On the downside
A Seeking Alpha contributor suggested that Imperial Sugar (Nasdaq: IPSU) explore a possible reverse stock split.
Investors locked in profits on Best Buy (NYSE: BBY), whose stock price climbed on strong Black Friday sales.
Standard & Poor's analysts lowered their ratings on Lowe's (NYSE: LOW).
In the broad market, advancing issues outpaced decliners by a margin of nearly 7 to 1 on the NYSE and by a margin of nearly 5 to 1 on Nasdaq. The Russell 2000 which tracks small cap stocks leaped 41 points to 737.
