Optimism that the G-20's infusion of cash will end the global financial crisis boosted the markets to a sharply higher close with the Dow soaring 216 points to 7978. Nasdaq leaped 51 points to 1602.
On the upside
Juniper Networks (Nasdaq: JNPR) introduced its integrated video monitoring and analysis solution StreamScope.
The MoCA Certification Board awarded Broadcom's (Nasdaq: BRCM) home networking platform using Multimedia over Coax Alliance connectivity a MoCA Certification.
Rupert Murdoch, chairman of News Corp. (Nasdaq: NWS), said that newspapers need to charge for content in order to offset delining advertising revenue.
General Electric (NYSE: GE) partnered with Intel (Nasdaq: INTC) to develop patient monitoring devices that allow doctors to check on patients remotely.
On the downside
A Food and Drug Administration panel recommended approval for oral diabetes medication Onglyza developed by Bristol-Myers Squibb (NYSE: BMY) and AstraZeneca. Shares of Amylin (Nasdaq: AMLN), which makes the injectable diabetes drug Byetta, tumbled.
Navistar International (NYSE: NAV) filed a formal protest with the Pentagon over the government agency's evaluation process for a bid to supply mine-resistant ambush-protected vehicles for the military.
In the broad market, advancing issues outpaced decliners by a margin of 6 to 1 on the NYSE and by nearly 4 to 1 on Nasdaq. The Russell 2000 which tracks small cap stocks surged 21 points to 450.
