Skip to primary navigation Skip to main content
November 03, 2011 at 14:08 PM EDT
Greece May Abandon Referendum, Markets Soar

The markets surged during the midday with the Dow soaring 139 points to 11,975 over hopes that Greece will abandon efforts for a referendum on the bailout plan. Nasdaq climbed 34 points to 2674.

On the upside

Third quarter earnings for Alpha Natural Resources (NYSE: ANR) more than doubled to beat expectations as the company's acquisition of Massey Energy boosted revenue.


ING (NYSE: ING) reported higher third quarter earnings and announced the elimination of 2,700 positions.


Valeant Pharmaceutical (NYSE: VRX) reversed year ago losses to post a profit for the third quarter and announced a $1.5 billion convertible notes repurchase plan.

On the downside


Shares of Career Education (Nasdaq: CECO) continued falling after the for profit educator reported sharply lower third quarter earnings Tuesday after market close.


Jefferies Group (NYSE: JEF) clarified that it had minimal exposure to European sovereign debt but the stock price continued to fall.

Frontier Communications (NYSE: FTR) disappointed with lower third quarter earnings as revenue fell.

In the broad market, advancing issues outpaced decliners by a margin of more than 5 to 2 on the NYSE and by more than 5 to 3 on Nasdaq. The Russell 2000 which tracks small cap stocks gained 8 points to 741.

Stock Market XML and JSON Data API provided by FinancialContent Services, Inc.
Nasdaq quotes delayed at least 15 minutes, all others at least 20 minutes.
Markets are closed on certain holidays. Stock Market Holiday List
By accessing this page, you agree to the following
Privacy Policy and Terms and Conditions.
Press Release Service provided by PRConnect.
Stock quotes supplied by Six Financial
Postage Rates Bots go here