Rising Consumer Sentiment Lifts Markets

December 11, 2009 9:46 AM |
The markets continued to advance during the midday with the Dow climbing 43 points to 10,449 as consumer sentiment rose more than expected. Nasdaq lost 6 points to 2184.

On the upside

Shares of UAL (Nasdaq: UAUA), AMR (NYSE: AMR) and Continental Airlines (NYSE: CAL) all rose as crude oil prices retreated.

Shares of Macy's (NYSE: M) climbed over news that November retail sales advanced by a greater than expected 1.3% .

J. P. Morgan lifted its price target for Alcoa (NYSE: AA).

On the downside

Siga Technologies (Nasdaq: SIGA) sold $20 million worth of common shares at a 15.1% discount from Wednesday's closing price.

National Semiconductor (NYSE: NSM) reported higher second quarter earnings that topped analyst estimates but the stock price dropped as investors locked in profits.

Quicksilver Gas Services (NYSE: KGS) priced its offering of 4 million common units at $21.10 per unit.

In the broad market, advancing issues outpaced decliners by a margin of nearly 9 to 7 on the NYSE while decliners edged out advancers by more than 10 to 9 on Nasdaq. The Russell 2000 which tracks small cap stocks added a fraction to 596.

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This page contains a single entry by published on December 11, 2009 9:46 AM.

Stronger Than Expected Retail Sales Lifts Markets was the previous entry in this blog.

Upbeat Retail Sales Lifts Markets To Higher Close is the next entry in this blog.

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