Markets Close Higher On Upbeat Earnings
Upbeat earnings news lifted the markets to a higher close with the Dow climbing 96 points to 8125. Nasdaq jumped 44 points to 1670.
IBM (NYSE: IBM) extended its partnership with Brocade Communications Systems (Nasdaq: BRCD) and will start selling ethernet switching and routing products.
Duke Realty (NYSE: DRE) affirmed its 2009 outlook, cut its dividend and priced its offering of 65.4 million common shares at $7.65 per share.
Shares of anthrax vaccine maker Emergent BioSolutions (NYSE: EBS) tumbled after the Department of Health and Human Services requested that all bidders for a government anthrax vaccine contract must submit a comprehensive regulatory plan to the Food and Drug Administration.
Billionaire investor Carl Icahn told MGM Mirage (NYSE: MGM) to file for bankruptcy.
On the upside
Plexus (Nasdaq: PLXS) said that its second quarter adjusted profit will most likely surpass analyst estimates.IBM (NYSE: IBM) extended its partnership with Brocade Communications Systems (Nasdaq: BRCD) and will start selling ethernet switching and routing products.
Duke Realty (NYSE: DRE) affirmed its 2009 outlook, cut its dividend and priced its offering of 65.4 million common shares at $7.65 per share.
On the downside
Shares of anthrax vaccine maker Emergent BioSolutions (NYSE: EBS) tumbled after the Department of Health and Human Services requested that all bidders for a government anthrax vaccine contract must submit a comprehensive regulatory plan to the Food and Drug Administration.
Billionaire investor Carl Icahn told MGM Mirage (NYSE: MGM) to file for bankruptcy.
In the broad market, advancing issues outpaced decliners by a margin of nearly 7 to 2 on the NYSE and by nearly 5 to 2 on Nasdaq. The Russell 2000 which tracks small cap stocks surged 13 points to 474.
