Surging New Home Construction Lifts Markets

New home construction surged last month lifting the markets during the midday with the Dow gaining 24 points to 10,476. Nasdaq rose 13 points to 2214.

On the upside

Investment research firm Emerging Stock Report initiated coverage on Delta Petroleum (Nasdaq: DPTR).

Essilor will pay approximately $465 million to acquire FGX International (Nasdaq: FGXI).

Morgan Stanley upgraded ReneSola (NYSE: SOL).

On the downside

Fannie Mae (NYSE: FNM) sold $1 billion worth of five-year notes after reopening an existing issue.

Acme Packet (Nasdaq: APKT) will move its headquarters from Burlington to Bedford.

Technitrol (NYSE: TNL) will offer $50 million in senior convertible notes through a private offering.

In the broad market, advancing issues outpaced decliners by a margin of more than 5 to 2 on the NYSE and by more than 5 to 3 on Nasdaq. The Russell 2000 which tracks small cap stocks rose 5 points to 611.

Data & News supplied by www.cloudquote.io
Stock quotes supplied by Barchart
Quotes delayed at least 20 minutes.
By accessing this page, you agree to the following
Privacy Policy and Terms and Conditions.