Optimism that China will announce additional economic stimulus measures sent the markets soaring to a sharply higher close with the Dow leaping 125 points to 12,580. Nasdaq surged 33 points to 2870.
On the upside
An InvestorVillage contributor noted that Microvision (Nasdaq: MVIS) was an undervalued growth company.
Rising polysilicon prices lifted shares of MEMC Electronic Materials (NYSE: WFR).
Santarus (Nasdaq: SNTS) will present at the Jefferies 2012 Global Healthcare Conference on Tuesday, June 5.
On the downside
Shares of Talbots (NYSE: TLB) continued falling after announcing on Friday that Sycamore Partners ended acquisition discussions with the women's apparel retailer.
William Blair downgraded Complete Genomics (Nasdaq: GNOM).
Cleveland Research said that April same store sales slowed for Tractor Supply (Nasdaq: TSCO).
In the broad market, advancing issues outpaced decliners by a margin of more than 7 to 2 on the NYSE and by nearly 5 to 2 on Nasdaq. The Russell 2000 which tracks small cap stocks leaped 10 points to 777.
