Soaring Consumer Sentiment Lifts Markets To Higher Close
Despite a surprising drop in retail sales, the markets closed modestly higher with the Dow rising 38 points to 10,211 as consumer sentiment soared to a two and a half year high. Nasdaq climbed 24 points to 2243.
On the upside
British information technology firm Viglen will run Netlist's (Nasdaq: MDNU) HyperCloud memory modules on its servers.
Falling oil prices lifted shares of United Air Lines parent UAL (Nasdaq: UAUA) and US Airways (NYSE: LCC).
Mircrosoft (Nasdaq: MSFT) priced Office 2010 at a very competitive price of $149 for a basic download version.
Delcath Systems (Nasdaq: DCTH) will host a conference call on June 15, 2010 to discuss corporate developments and drug trial data.
Morgan Keegan initiated coverage of Oracle (Nasdaq: ORCL) with an Outperform rating.
TheStreet.com expects NetApp's (Nasdaq: NTAP) stock price to gain 10%.
In the broad market, advancing issues outpaced decliners by a margin of more than 5 to 2 on both the NYSE and Nasdaq. The Russell 2000 which tracks small cap stocks gained 9 points to 649.
