Continued enthusiasm for Greece's newly adopted austerity measures lifted the markets sharply higher during the midday with the Dow surging 131 points to 12,392. Nasdaq soared 31 points to 2771.
On the upside
Piper Jaffray upgraded Hansen Medical (Nasdaq: HNSN) to an Overweight rating and lifted its price target from $3 to $5.
Shares of First Connecticut Bancorp (Nasdaq: FBNK) rose on its first trading day.
Molycorp (NYSE: MCP) stock rose after safety issues delayed commissioning of rival Lynas' Malaysian rare-earths refinery.
Motley Fool said that YRC Worldwide (Nasdaq: YRCW) will have trouble avoiding bankruptcy.
Shares of CF Industries (NYSE: CF) fell after the Department of Agriculture reported that more acres of corn were planted than expected.
Former Peak Performance Solutions chief executive officer Steven Isaac and two directors sued Ebix (Nasdaq: EBIX), which acquired Peak Performance, alleging that Ebix inflated its earnings.
In the broad market, advancing issues outpaced decliners by a margin of nearly 3 to 1 on the NYSE and by nearly 5 to 2 on Nasdaq. The Russell 2000 which tracks small cap stocks climbed 7 points to 827.