Bargain hunters lifted the markets to a sharply higher close with the Dow leaping 274 points to 10,018 ahead of the government's weekly jobless claims report tomorrow. Nasdaq jumped 65 points to 2159.
On the upside
Central European Distribution (Nasdaq: CEDC) ended its acquisition pursuit of Nemiroff.
Wells Fargo analyst Sam Dubinsky raised his earnings outlook for Solarfun Power Holdings (Nasdaq: SOLF).
Shares of Baidu (Nasdaq: BIDU) rose as China's Ministry of Industry and Information Technology continues to review Google's (Nasdaq: GOOG) Internet content provider license renewal.
Wells Fargo (NYSE: WFC) will close its subprime loan unit, which will cut 3,800 jobs.
Borders Group (NYSE: BGP) launched its eBook store with over 1.5 million titles including thousands of free titles.
On the downside
Zoo Entertainment (Nasdaq: ZOO) priced its offering of 1.6 million common shares at $6.00 per share.
In the broad market, advancing issues outpaced decliners by a margin of nearly 5 to 1 on the NYSE and by nearly 7 to 2 on Nasdaq. The Russell 2000 which tracks small cap stocks eased surged 21 points to 611.
