The markets traded higher during the midday with the Dow gaining 22 points to 13,345 after Germany's Constitutional Court supported the latest euro zone bailout. Nasdaq rose 4 points to 3109.
On the upside
Office Depot (NYSE: ODP) announced that NASCAR driver Tony Stewart partnered with the Office Depot Foundation to donate 6,000 backpacks to children in the Chicagoland area.
Williams Financial upgraded PulteGroup (NYSE: PHM) to a Buy rating.
Thoma Bravo will take Mediware Information Systems (Nasdaq: MEDW) private in a deal valued at approximately $195 million.
On the downside
Globecomm Systems (Nasdaq: GCOM) reported sharply higher fourth quarter earnings but the company warned of lower earnings and revenue for fiscal 2013. Halcon Resources (NYSE: HK) announced a secondary offering of 35 million common shares.
Vanguard Natural Resources (NYSE: VNR) priced its public offering of 6 million common units at the discounted price of $27.51 per unit.
In the broad market, advancing issues outpaced decliners by a margin of more than 5 to 3 on the NYSE and by more than 9 to 7 on Nasdaq. The Russell 2000 which tracks small cap stocks added 2 points to 844.
German Support Of Euro Zone Bailout Lifts Markets
September 12, 2012 at 13:12 PM EDT
