Markets Continue Advance

September 9, 2009 9:54 AM |
The markets continued to advance during the midday with the Dow gaining 63 points to 9560 ahead of the Federal Reserve's beige book report. Nasdaq climbed 25 points to 2062.

On the upside 

First quarter earnings for Hi-Tech Pharmacal (Nasdaq: HITK) surged as generic drug sales nearly tripled.

Barclays Capital analyst Roger Freeman upgraded Fortress Investment Group (NYSE: FIG).

ATP Oil & Gas (Nasdaq: ATPG) announced the discovery of additional pay sands at its deepwater Telemark Hub in the Gulf of Mexico.

On the downside

Shares of Opexa Therapeutics (Nasdaq: OPXA) tumbled as investors locked in their profits after yesterday's surge.

Barrick Gold (NYSE: ABX) increased its shares offering to $3.5 billion.

Encore Acquisition (NYSE: EAC) priced its public offering of $2.75 million shares at $37.40 per share. 

In the broad market, advancing issues outpaced decliners by a margin of nearly 2 to 1 on the NYSE and by nearly 5 to 2 on Nasdaq. The Russell 2000 which tracks small cap stocks rose 9 points to 586.

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