July 11, 2013 at 17:47 PM EDT
Markets Soar On Fed Reassurances
Reassurances that the Federal Reserve would continue its stimulus measures sent the markets soaring to a sharply higher close with the Dow leaping 169 points to close at a record 15,460. Nasdaq jumped 57 points to 3578.
On the upside
PLDT deployed Ciena's (Nasdaq: CIEN) 5410 Packet-Optical Reconfigurable Switch System and OneConnect Intelligent Control Plane software.
The Securities and Exchange Commission ended its investigation into IntraLinks (NYSE: IL) with no enforcement action.
On the downside
Amarin (Nasdaq: AMRN) stock continued falling after announcing a public offering of 21.7 million American Depositary Shares on Monday after market close.
Debtwire reported that RadioShack (NYSE: RSH) was exploring the possibility of hiring a financial advisor.
TheStreet Ratings affirmed its Buy rating on Regions Financial (NYSE: RF).
In the broad market, advancing issues outpaced decliners by a margin of more than 6 to 1 on the NYSE and by nearly 5 to 2 on Nasdaq. The broader S&P 500 index surged 22 points to 1675.
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