June 15, 2012 at 10:48 AM EDT
Central Banks May Act To Stabilize Markets

The markets opened higher with the Dow rising 47 points to 12,699 as central banks indicated that they would intervene to stabilize global financial markets. Nasdaq gained 11 points to 2848.

On the upside

MHR Fund Management acquired a 13.6% stake in Navistar International (NYSE: NAV).


Billionaire Carlos Slim Helu purchased an 8.4% stake in energy company YPF (NYSE: YPF).


Questcor Pharmaceuticals (NYSE: QCOR) announced commercialization plans for its rheumatology-related indications treatment H.P. Acthar Gel.


On the downside


MicroVision (Nasdaq: MVIS) priced its public offering of 4.2 million units at $2.50 per unit.

US Airway (NYSE: LCC) reported that more than 90% of its flights were on time in April but acquisition target American Airlines reported the most cancellations.

AAR (NYSE: AIR) reported preliminary fourth quarter results that fell short of analyst expectations.

In the broad market, advancing issues outpaced decliners by a margin of more than 2 to 1 on the NYSE and by 9 to 7 on Nasdaq. The Russell 2000 which tracks small cap stocks added a point to 764.

Stock Market XML and JSON Data API provided by FinancialContent Services, Inc.
Nasdaq quotes delayed at least 15 minutes, all others at least 20 minutes.
Markets are closed on certain holidays. Stock Market Holiday List
By accessing this page, you agree to the following
Privacy Policy and Terms and Conditions.
Press Release Service provided by PRConnect.
Stock quotes supplied by Six Financial
Postage Rates Bots go here