Expectations that the Federal Reserve will continue its stimulus measures sent the markets soaring to a sharply higher close with the Dow surging 111 points to 15,680. Nasdaq gained 12 points to 3952.
On the upside
Celsion (Nasdaq: CLSN) completed a 1 for 4.5 reverse stock split.
U. S. Steel (NYSE: X) fell to a loss for the third quarter due to an impairment charge but the results were better than expected.
Huntsman (NYSE: HUN) reported lower third quarter earnings but revenue rose to top analyst estimates.
On the downside
PMC-Sierra (Nasdaq: PMCS) narrowed third quarter losses but revenue dropped to fall short of expectations.
Eagle Rock Energy Partners (Nasdaq: EROC) cut its quarterly cash distribution from 22 cents per common unit to 15 cents per common unit.
The Financial Market Supervisory Authority ordered UBS (NYSE: UBS) to increase its reserves for potential legal expenses.
In the broad market, advancing issues outpaced decliners by a margin of nearly 5 to 3 on the NYSE and by more than 7 to 5 on Nasdaq. The broader S&P 500 climbed 9 points to 1771.
