FinancialContent is the trusted provider of stock market information to the media industry.
June 14, 2012 at 18:37 PM EDT
Central Banks May Infuse Capital Into Financial Markets
Rumors that central banks may infuse the European economy with much needed capital sent the markets soaring to a sharply higher close with the Dow leaping 155 points to 12,651. Nasdaq gained 17 points to 2836.
On the upside
International Game Technology (NYSE: IGT) announced plans to repurchase up to $1 billion worth of common stock.
Reuters reported that Bank of America Merrill Lynch contacted a number of private equity firms to about acquiring Huntsman (NYSE: HUN).
On the downside
Lattice Semiconductor (Nasdaq: LSCC) warned that second quarter revenue will fall short of expectations.
Smithfield Foods (NYSE: SFD) disappointed with lower fourth quarter earnings that missed analyst estimates by a wide margin.
Aegerion Pharmaceuticals (Nasdaq: AEGR) priced its public offering of 3.4 million common shares at the discounted price of $14.75 per share.
In the broad market, advancing issues outpaced decliners by a margin of 7 to 3 on the NYSE and by nearly 5 to 2 on Nasdaq. The Russell 2000 which tracks small cap stocks climbed 9 points to 762.
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