Improving Earnings Boosts Markets

The markets closed sharply higher with the Dow leaping 169 points to 10,268 over improving corporate earnings. Nasdaq surged 30 points to 2214.

On the upside

Sequenom (Nasdaq: SQNM) introduced its test to determine the gender of a fetus using its SEQureDx technology.

Office Depot (NYSE: ODP) will now offer Verizon Wireless Mobile Broadband Solutions for consumers and small businesses.

DG FastChannel (Nasdaq: DGIT) impressed with fourth quarter earning that surged to top estimates.

On the downside

CBIZ (NYSE: CBZ) reported lower fourth quarter earnings that fell short of expectations as expenses climbed.

Shares of EnerNOC (Nasdaq: ENOC) fell after widening fourth quarter losses last week.

Pinnacle Airlines (Nasdaq: PNCL) repaid the remainder of 3.25% senior convertible notes due in 2025.

In the broad market, advancing issues outpaced decliners by a margin of more than 7 to 2 on the NYSE and by 5 to 2 on Nasdaq. The Russell 2000 which tracks small cap stocks climbed 10 points to 620.

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