Weak Dollar Lifts Commodities And Markets

September 22, 2009 2:08 PM |
A weakening dollar lifted commodities as well as the markets to a higher close with the Dow rising 51 points to 9829 .  Nasdaq gained 8 points to 2146.

On the upside 

Oclaro (Nasdaq: OCLR) boosted its first quarter revenue guidance.

Quicksilver Resources (NYSE: KWK) announced upbeat production results from its first completed Horn River Basin well prompting an analyst upgrade.

Shares of National Coal (Nasdaq: NCOC) climbed after an analyst said that energy prices will rise this winter.

On the downside

Lime Energy (Nasdaq: LIME) priced its offering of 5 million common shares at $5.50 per share.

Nasdaq issued China Cablecom Holdings (Nasdaq: CABL) a Deficiency Letter because its shares traded below $1.00 per share in the past 30 business days.

Shares of Hansen Medical (NYSE: RAD) fell after a report said that pricing pressure of drug eluting stents will lower the worldwide market.

In the broad market, advancing issues outpaced decliners by a margin of more than 5 to 2 on the NYSE and by a margin of more than 9 to 7 on Nasdaq. The Russell 2000 which tracks small cap stocks gained 4 points to 620.

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This page contains a single entry by published on September 22, 2009 2:08 PM.

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