Possible European Assistance For Greece Sends Markets Soaring

February 9, 2010 1:38 PM |
Growing optimism that the European Union will provide financial assistance to debt laden Greece sent the markets soaring to a sharply higher close with the Dow leaping 150 points to 10,058. Nasdaq climbed 24 points to 2150.

 

On the upside

Motley Fool spotlighted Oncolytics Biotech (Nasdaq: ONCY) as a stock that is gaining momentum.

Heckmann (NYSE: HEK) entered a partnership with Energy Transfer Partners (NYSE: ETP) to provide turnkey solutions for discharged waters generated from the natural gas developments at the Marcellus and Haynesville Shale.

While Compass Minerals (NYSE: CMP) reported lower fourth quarter earnings, the company posted a record full year profit.

On the downside

Conn's (Nasdaq: CONN) disappointed with sharply lower fourth quarter earnings that fell short of estimates as revenue plunged amidst the difficult economic environment.

Terremark Worldwide (Nasdaq: TMRK) narrowed third quarter losses but the results missed expectations.

Shares of Williams Coal Seam Gas Royalty Trust (NYSE: WTU) continued to fall after announcing Friday that the trust will terminate on March 1, 2010. 

In the broad market, advancing issues outpaced decliners by a margin of more than 3 to 1 on the NYSE and by 5 to 2 on Nasdaq. The Russell 2000 which tracks small cap stocks gained 8 points to 595.

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This page contains a single entry by published on February 9, 2010 1:38 PM.

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