Falling Dollar Lifts Markets
On the upside
Credit Suisse analyst Arun Jayaram upgraded offshore drilling services company Hercules Offshore (Nasdaq: HERO) and lifted his price target.
The Wall Street Journal reported that Sprint Nextel (NYSE: S) will invest over $1 billion into Clearwire (Nasdaq: CLWR).
Moody's Investors Service lifted its debt rating on TRW Automotive (NYSE: TRW) citing improving operating performance.
On the downside
Third quarter revenue fell for Sunrise Senior Living (NYSE: SRZ).
Goldman Sachs issued a Sell rating for Lexmark International (NYSE: LXK) citing gains in the stock price.
Shares of Fuqi International (Nasdaq: FUQI) fell despite higher third quarter earnings and revenue.
In the broad market, advancing issues outpaced decliners by a margin of more than 4 to 1 on the NYSE and by nearly 7 to 3 on Nasdaq. The Russell 2000 which tracks small cap stocks gained 9 points to 590.
