The markets soared during the midday with with the Dow jumping 355 points to 10,735 as investors embraced the European Union's $1 trillion rescue package. Nasdaq surged 90 points to 2356.
On the upside
Encorium Group (Nasdaq: ENCO) landed $6.8 million worth of new business contracts.
Jefferies & Co. analyst William Choi expects Cisco (Nasdaq: CSCO) to beat analyst expectations when the company releases third quarter results after markets close on Wednesday.
Las Vegas Sands (NYSE: LVS) declared a quarterly dividend of $2.50 per share of its Series A preferred stock payable on May 17, 2010.
On the downside
China Natural Gas (Nasdaq: CHNG) disappointed with sharply lower first quarter earnings.
Bernstein Research analyst Craig Moffett downgraded Comcast (Nasdaq: CMCSA).
BP (NYSE: BP) has spent $350 million to date to clean up the Deepwater Horizon oil spill.
In the broad market, advancing issues outpaced declinrs by a margin of nearly 12 to 1 on the NYSE and by more than 7 to 1 on Nasdaq. The Russell 2000 which tracks small cap stocks soared 27 points to 680.
