The markets closed higher with the Dow surging 108 points to 11,980 as crude oil prices dropped. Nasdaq soared 28 points to 2717.
On the upside
China-Biotics (Nasdaq: CHBT) reported higher preliminary third quarter revenue.
Molycorp (NYSE: MCP) will raise capital through a stock offering to expand its Mountain Pass mine.
Puget Sound Energy awarded Quanta Services (NYSE: PWR) a five year contract valued at approximately $400 million for construction and maintenance services.
On the downside
BankAtlantic (NYSE: BBX) announced Friday after market close that it will close its branch in Miami Lakes.
