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Surge In Job Openings Lifts Markets
By: MarketMinute.com Market Updates
Posted on February 07, 2012 at 13:46 PM EST

A surge in job openings lifted the markets during the midday with the Dow rising 30 points to 12,875. Nasdaq added 2 points to 2904.

On the upside

McClatchy (NYSE: MNI) reported sharply higher fourth quarter earnings that topped analyst estimates as the company lowered expenses.


NCR (NYSE: NCR) swung to a fourth quarter loss but the results were better than expected as revenue climbed .

SolarWinds (NYSE: SWI) reported higher fourth quarter earnings that beat expectations.


On the downside


Bank of America downgraded Achillion Pharmaceuticals (Nasdaq: ACHN) to an Underperform rating.


Fourth quarter earnings tumbled for Vishay Intertechnology (NYSE: VSH) to fall short of expectations as revenue dropped.

Unum Group (NYSE: UNM) blamed a one time charge for falling to a loss for the fourth quarter.

In the broad market, advancing issues outpaced decliners by a margin of more than 9 to 7 on the NYSE while decliners edged out advancers by nearly 10 to 9 on Nasdaq. The Russell 2000 which tracks small cap stocks eased a fraction to 827.

Related Stocks:
Achillion Pharmaceuticals, Inc. Dow Jones Industrial Average (EOD) McClatchy Co. Cl A NASDAQ 100 NASDAQ Composite NCR Corp. Russell 1000 Index Russell 2000 Russell 3000 Index SolarWinds Standard & Poors 500 Unum Group Vishay Intertechnology, Inc.
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