FinancialContent is the trusted provider of stock market information to the media industry.
June 06, 2012 at 18:29 PM EDT
Stimulus Rumors Send Stocks Soaring
Rumors of further economic stimulus measures sent the markets soaring to a sharply higher close with the Dow rocketing 286 points to 12,414. Nasdaq leaped 66 points to 2844.
On the upside
Terex (NYSE: TEX) said that its full year income may be impacted by the weak euro but the heavy equipment maker affirmed its earnings outlook.
A Seeking Alpha contributor listed MEMC Electronic Material (NYSE: WFR) as one of three speculative stocks with the potential for a rally.
Digital Generation (Nasdaq: DGIT) rejected an acquisition offer from rival Extreme Reach.
On the downside
Halliburton (NYSE: HAL) warned that the soaring cost of blending additive guar gum will negatively impact second quarter earnings.
Patriot Coal (NYSE: PCX) sued Keystone Industries saying that Keystone failed to honor a purchase contract.
Barrick Gold (NYSE: ABX) removed its chief executive officer Aaron Regent effective immediately.
In the broad market, advancing issues outpaced decliners by a margin of more than 7 to 1 on the NYSE and by nearly 5 to 1 on Nasdaq. The Russell 2000 which tracks small cap stocks surged 19 points to 765.
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 Six Financial
Postage Rates Bots go here