Greece Expected To Pass Austerity Measures, Markets Soar
Optimism that the Greek government will approve austerity measures required to received additional financial assistance lifted the markets to a sharply higher close with the Dow surging 109 points to 12,190. Nasdaq leaped 57 points to 2687.
On the upside
Goldman Sachs upgraded Patriot Coal (NYSE: PCX ) to Conviction Buy yesterday.
Rising silver prices lifted shares of First Majestic Silver (NYSE: AG), Endeavour Silver (NYSE: EXK) and Silvercorp Metals (NYSE: SVM).
Wave Systems (Nasdaq: WAVX) filed a $30 million shelf registration to replace an expiring shelf registration.
On the downside
Investors locked in profits on Acura Pharmaceuticals (Nasdaq: ACUR), whose shares surged yesterday on news that the Food and Drug Administration approved the company's pain medication Oxecta.
Gevo (Nasdaq: GEVO) updated the airline industry yesterday at the Paris Air Show on its progress in developing biojet fuel.
Barnes & Noble (NYSE: BKS) widened fourth quarter losses more than expected.
