Strong Same Store Sales Lift Markets

Better than expected November same store sales lifted the markets to a higher open with the Dow adding 4 points to 12,049. Nasdaq rose 14 points to 2635.

On the upside

Synopsys (Nasdaq: SNPS) will acquire Magma Design Automation (Nasdaq: LAVA) in a deal valued at approximately $507 million.


Transcept Pharmaceuticals (Nasdaq: TSPT) announced that Purdue Pharma will commercialize Transcept's middle-of-the-night awakening insomnia treatment Intermezzo in the United States.

Charming Shoppes (Nasdaq: CHRS) narrowed third quarter losses, announced that it will divest its Fashion Bug business and will engage in a strategic review to enhance shareholder value.

On the downside


Lululemon Athletica (Nasdaq: LULU) reported higher third quarter earning but revenue fell short of expectations.


Scorpio Tankers (NYSE: STNG) priced its public offering of 7 million common shares at the discounted price of $5.50 per share.

Gildan Activewear (NYSE: GIL) reported lower fourth quarter earnings and forecast first quarter results below estimates.

In the broad market, declining issues outpaced advancers by a margin of nearly 5 to 4 on the NYSE and by a margin of more than 2 to 1 on Nasdaq. The Russell 2000 which tracks small cap stocks slipped 2 points to 734.

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