Bargain hunters lifted the markets to a sharply higher open with the Dow leaping 158 points
to 11,298.
Nasdaq surged 42 points to 2516.
On the upside
Yahoo (Nasdaq: YHOO) fired chief executive officer Carol Bartz and named chief financial officer Tim Morse as interim chief executive.
Nvidia (Nasdaq: NVDA) forecast fiscal 2013 revenue ahead of analyst expectations.
FuelCell Energy (Nasdaq: FCEL) narrowed third quarter losses as revenue surged more than expected.
The European Union approved MELA Sciences' (Nasdaq: MELA) melanoma treatment MelaFind.
On the downside
Urban Outfitters (Nasdaq: URBN) warned that sales for the third quarter dropped.
National Retail Properties (NYSE: NNN) priced its public offering of 8 million common shares at $26.07 per share.
In the broad market, advancing issues outpaced decliners by a margin of more than 7 to 1 on the NYSE and by nearly 8 to 1 on Nasdaq. The Russell 2000 which tracks small cap stocks soared 17 points to 698.