On the upside
Spectrum Pharmaceuticals (Nasdaq: SPPI) completed enrollment in one of the Phase 3 trials of the company's bladder cancer treatment apaziquone.
Morgan Stanley upgraded Tata Motors (NYSE: TTM) saying that the company's recent acquisition of the Jaguar Land Rover business will become profitable in 2011.
SandRidge Energy will pay approximately $800 million for the Permian Basin properties of Forest Oil (NYSE: FST).
Improving semiconductor sales lifted shares of Fairchild Semiconductor International (NYSE: FCS).
Boston Private Financial Holdings (Nasdaq: BPFH) repurchased preferred securities at a significant discount for a gain of $11 million.
Zion Oil & Gas (Nasdaq: ZN) received over $37 million in subscriptions for an offering of 3.6 million common shares, well above the maximum proceeds of $18 million.
In the broad market, advancing issues outpaced decliners by a margin of nearly 4 to 1 on the NYSE and by more than 2 to 1 on Nasdaq. The Russell 2000 which tracks small cap stocks gained 9 points to 589.
