Strong corporate earnings sent the markets soaring to a sharply higher close with
the
Dow leaping 202 points to 12,587. Nasdaq jumped 61
points to 2826.
On the upside
Bargain hunters lifted shares of WebMD (Nasdaq: WBMD), whose stock price plunged yesterday after the company cut its full year guidance.
Fuelcell Energy (Nasdaq: FCEL) chairman John A. Rolls bought 100,000 shares of company stock while president and chief executive Arthur A. Bottone and chief operating officer Anthony Rauseo each purchased 10,000 shares.
News that China expand its natural resource tax lifted shares of American rare earth oxides company Molycorp (Nasdaq: MCP).
Rudolph Technologies (Nasdaq: RTEC) will offer up to $60 million in convertible debt and forecast second quarter revenue below analyst expectations.
RXi Pharmaceuticals (Nasdaq: RXII) will seek approval from shareholders at its annual meeting to increase the number of common shares under the company incentive plan by 2 million to a total of 8.75 million and to increase the number of authorized shares of common stock by 50 million to 125 million.
Zhongpin (NYSE: HOGS) refuted a China Economic Review report alleging that Zhongpin overstated information but the stock price fell.