Markets Up Over Upbeat Jobs Data

An upbeat jobs reported lifted the markets higher during the midday with the Dow soaring 131 points to 8540. Nasdaq climbed 17 points to 1733.

On the upside

Huntington Bancshares (Nasdaq: HBAN) issued 38.5 million shares of common stock to raise approximately $120 million.

Although Dynegy (NYSE: DYN) widened first quarter losses, the results surpasses expectations.

Regions Financial (NYSE: RF) agreed to raise the $2.5 billion necessary to satisfy the government's stress test.

On the downside

Crocs (Nasdaq: CROX) widened first quarter losses and forecast disappointing second quarter results.

Allstate (NYSE: ALL) swung to a first quarter loss as investment income dropped and the number of insurance policies fell.

International Rectifier (NYSE: IRF) widend third quarter losses due to lower revenue and a one-time charge.

In the broad market, advancing issues outpaced decliners by a margin of more than 4 to 1 on the NYSE and by more than 2 to 1 on Nasdaq. The Russell 2000 which tracks small cap stocks jumped 10 points to 503.