Greek Bond Swap Succeeds, Market Close Higher

The markets closed higher with the Dow climbing 70 points to 12,907 after a majority of Greece's debtholders accepted a bond swap offer. Nasdaq gained 34 points to 2970.

On the upside

MicroVision (Nasdaq: MVIS) regained compliance for Nasdaq listing.

Shares of Hovnanian Enterprises (NYSE: HOV) continued climbing after narrowing first quarter losses more than expected yesterday.

Verso Paper Holdings (Nasdaq: MDVN) plans to issue $345 million worth of senior secured notes.

On the downside

Investors locked in profits on Discovery Laboratories (Nasdaq: DSCO) whose stock price surged on Tuesday after the Food and Drug Administration approved Surfaxin to prevent respiratory distress in premature infants.

Profit taking sank shares of Men's Wearhouse (NYSE: MW), whose stock price climbed yesterday after narrowing fourth quarter losses more than expected.

Sigma Designs (Nasdaq: SIGM) disappointed by falling to a greater than expected loss for the fourth quarter.

In the broad market, advancing issues outpaced decliners by a margin of nearly 4 to 1 on the NYSE and by more than 5 to 2 on Nasdaq. The Russell 2000 which tracks small cap stocks soared 10 points to 806.

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
Copyright © 2010 by the El Paso Times and MediaNews Group and/or wire services and suppliers.
None of the content on this site may be republished or reused in any way without the written permission of the copyright holder.
Advertise with Us | Customer Service | e-Edition | Facebook | Mobile | My Yahoo | Newsletters | RSS | Site Map | Twitter | YouTube
News Partners:   Alamogordo Daily News | Carlsbad Current-Argus | Deming Headlight | Farmington Daily Times | Las Cruces Sun-News | Ruidoso News | Silver City Sun-News