March 30, 2012 at 14:56 PM EDT
Markets Advance As Consumer Sentiment Rises
A strong gain in March consumer sentiment lifted the markets higher during the midday with the Dow gaining 58 points to 13,204. Nasdaq added 4 points to 3099.
On the upside
Shares of Enphase Energy (Nasdaq: ENPH) surged on its first trading day.
Research in Motion (Nasdaq: RIMM) fell to a loss for the fourth quarter but investors welcomed the departure of several executives.
Sunesis Pharmaceuticals (Nasdaq: SNSS) will receive a $25 million royalty payment from Royalty Pharma.
On the downside
The Wall Street Journal reported a security breach at Global Payments (NYSE: GPN) that threatened to put 50,000 cardholders at risk.
Credit Suisse cited weak margins for lowering its first quarter earnings outlook for Valero Energy (NYSE: VLO).
Tibco Software (NYSE: BBY) reported higher fourth quarter earnings that topped estimates by a penny but investors expected an even stronger gain.
In the broad market, advancing issues outpaced decliners by a margin of more than 2 to 1 on the NYSE and by nearly 9 to 7 on Nasdaq. The Russell 2000 which tracks small cap stocks added a point to 833.
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
Press Release Service provided by PRConnect.
Stock quotes supplied by Six Financial
Postage Rates Bots go here