Markets Recover To Open Higher

The markets recovered to open higher after yesterday's sell-off with the Dow surging 135 points to 8084. Nasdaq soared 32 points to 1473.

On the upside

AspenBio Pharm (Nasdaq: APPY) moved its coference call from Thursday January 22 to Wednesday January 21 at 9am Eastern time to discuss preliminary results from a clinical trial of its blood-based test to diagnose appendicitis.

Robert W. Baird analyst Peter Lisnic upgraded Woodward Governor (Nasdaq: WGOV) citing the company's upbeat first quarter earnings.

Northern Trust (Nasdaq: NTRS) reported sharply higher first quarter earnings that more than doubled.
On the downside

Omnicell (Nasdaq: OMCL) disappointed with its 2009 outlook that was less than half of expectations prompting a downgrade.

UAL (Nasdaq: UAUA), parent company of United Airlines, significantly widened first quarter losses and announced the elimination of another 1,000 positions.

Coach (NYSE: COH) blamed disappointing holiday sales for lower second quarter earnings.


In the broad market, advancing issues outpaced decliners by a margin of nearly 7 to 2 on the NYSE and by nearly 8 to 3 on Nasdaq. The Russell 2000 which tracks small cap stocks climbed 7 points to 441.

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