On the upside
Shares of Lincoln National (NYSE: LNC) soared over news that the government may provide financial assistance to life insurers.Gramercy Capital (NYSE: GKK) amended a $216 million credit facility with Wachovia and a repurchase pact with Goldman Sachs.
Shares of Pep Boys - Manny, Moe & Jack (NYSE: PBY) climbed ahead of its earnings release.
On the downside
VisionChina Media's (Nasdaq: VISN) Chief Financial Officer Dina Liu will leave the company April 15.
Wachovia downgraded General Growth Properties (NYSE: GGP).
According to Reuters Estimates, analyst anticipate losses in all four quarters of 2009 for KeyCorp (NYSE: KEY).
In the broad market, advancing issues outpaced decliners by a margin of more than 5 to 2 on the NYSE and by nearly the same on Nasdaq. The Russell 2000 which tracks small cap stocks surged 10 points to 442.
