FinancialContent is the trusted provider of stock market information to the media industry
Investors Welcome European Bailout Details
Posted on June 29, 2012 at 13:44 PM EDT
The markets traded higher during the midday with the Dow jumping 212 points to 12,814 after European officials announced that they will ease austerity measures and lend bailout funds directly to struggling banks. Nasdaq surged 67 points to 2917.
On the upside
Shares of ServiceNow (NYSE: NOW) surged on its first day of trading.
Tibco Software (Nasdaq: TIBX) reported higher second quarter earnings and revenue that beat analyst expectations.
KB Home (NYSE: KBH) narrowed second quarter losses more than expected.
On the downside
Team Health Holdings (NYSE: TMH) priced its secondary offering of 8 million common shares at the discounted price of $23.95 per share.
Shares of Barclays (NYSE: BCS) continued falling after being fined $453 million yesterday for manipulating interest rates.
Walter Energy (NYSE: WLT) forecast higher second quarter coal production but warned of lower prices.
In the broad market, advancing issues outpaced decliners by a margin of nearly 6 to 1 on the NYSE and by more than 5 to 1 on Nasdaq. The Russell 2000 which tracks small cap stocks leaped 18 points to 793.
Stock Market XML and JSON Data API provided by FinancialContent Services, Inc.
Nasdaq quotes delayed at least 15 minutes, all others at least 20 minutes.
Markets are closed on certain holidays. Stock Market Holiday List
By accessing this page, you agree to the following
Press Release Service provided by PRConnect.
Stock quotes supplied by Telekurs USA
Postage Rates Bots go here