Rebounding Consumer Confidence Lifts Markets
On the upside
Food Technology Service (Nasdaq: VIFL) reported higher full year earnings as revenue rose.
TerreStar (Nasdaq: TSTR) regained compliance with NASDAQ.
J. P. Morgan upgraded Westlake Chemical (NYSE: WLK) saying that prices for some of the company's products will rise.
On the downside
Gammon Gold (NYSE: GRS) reported higher fourth quarter earnings but the stock price fell as investors locked in profits.
KHD Humboldt Wedag International (NYSE: KHD) will split into two companies to be named Terra Nova, which will begin trading tomorrow on the New York Stock Exchange under the new symbol TTT, and KID, which will trade on the Frankfurt Stock Exchange under the symbol KWG.
Fourth quarter and full year results rose for ZST Digital Networks (Nasdaq: ZSTN) but the stock price tumbled as investors locked in profits.
In the broad market, advancing issues outpaced decliners by a margin of 10 to 9 on both the NYSE and on Nasdaq. The Russell 2000 which tracks small cap stocks added a point to 683.
