Upbeat jobs data boosted the markets to a sharply higher close with the Dow soaring 156 points to 12,862. Nasdaq surged 45 points to 2905.
On the upside
Infinera (Nasdaq: INFN) widened fourth quarter losses but the results were better than expected.
TheStreet listed Meritor (NYSE: MTOR) as one of five stocks trading under $10 with much upside potential.
Beazer Homes (NYSE: BZH) reversed year ago losses to post a profit for the first quarter.
On the downside
Dresser-Rand Group (NYSE: DRC) lowered its fourth quarter outlook.
Fourth quarter earnings climbed for Con-way (NYSE: CNW) due to an acquisition settlement but the results fell far short of analyst expectations.
Modine (NYSE: MOD) reported higher third quarter earnings but the results missed estimates and the company lowered its 2012 earnings outlook and revenue growth guidance.
In the broad market, advancing issues outpaced decliners by a margin of more than 7 to 2 on both the NYSE and on Nasdaq. The Russell 2000 which tracks small cap stocks leaped 18 points to 831.
