Consumer Sentiment Rises, Markets Open Higher

A greater than expected increase in December consumer sentiment lifted the markets to a higher open with the Dow rising 42 points to 12,150. Nasdaq gained 13 points to 2591.

On the upside

RAM Energy Resources (Nasdaq: RAM) regained compliance with Nasdaq's minimum price listing requirements and announced a $550 million capital investment from Halcon Resources.


Micron Technology (Nasdaq: MU) swung to a wider than expected loss for the first quarter but the stock price rose.

Akamai Technologies (Nasdaq: AKAM) will pay approximately $268 million in cash to acquire cloud services provider Contendo.

On the downside


Vivus (Nasdaq: VVUS) reported a link between one of the ingredients in its weight loss treatment Qnexa and an increased risk of cleft lip or cleft palate.


Bed Bath & Beyond (Nasdaq: BBBY) reported higher third quarter earnings but revenue fell short of expectations.


American Greetings (NYSE: AM) disappointed with sharply lower third quarter earnings as expenses climbed.


In the broad market, advancing issues outpaced decliners by a margin of more than 4 to 1 on the NYSE and by more than 5 to 2 on Nasdaq. The Russell 2000 which tracks small cap stocks climbed 6 points to 746.

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