The markets recovered from yesterday's steep sell-off as bargain hunters sent the Dow soaring 138
points to 10,948. Nasdaq surged 62 points to
2420.
On the upside
Universal Display (Nasdaq: PANL) narrowed second quarter losses as revenue climbed.Second quarter earnings climbed for Luminex (Nasdaq: LMNX) on higher revenue.
Star Scientific (Nasdaq: CIGX) narrowed second quarter losses and announced that its dietary supplement Anatobloc will launch at the end of the current quarter.
On the downside
AOL (NYSE: AOL) narrowed second quarter losses but revenue fell.
Youku.com (NYSE: YOKU) disappointed with a loss even as revenue more than doubled.
Cablevision (NYSE: CVC) reported higher second quarter earnings but the results fell far short of analyst expectations.
In the broad market, advancing issues outpaced decliners by a margin of more than 6 to 1 on the NYSE and by nearly 9 to 2 on Nasdaq. The Russell 2000 which tracks small cap stocks leaped 24 points to 674.
