Germany Cleared To Contribute Bailout Funds, Markets Soar

The markets surged to close sharply higher with the Dow rocketing 275 points to 11,414 as a German court affirmed the nation's participation in bailout packages  Nasdaq jumped 75 points to 2548.

On the upside

Speculation swirled that Clean Energy Fuels (Nasdaq: CLNE) may have the opportunity to build liquid natural gas refueling stations for Westport Innovations' (Nasdaq: WPRT) and Royal Dutch Shell's joint liquid natural gas heavy commercial vehicles project.

Conn's (Nasdaq: CONN) swung to a second quarter loss due to one-time charges but the results were better than expected.

Dougherty & Co. analyst Andrea James upgraded Stratasys (Nasdaq: SSYS) to a Buy rating.

Goldman Sachs upgraded Las Vegas Sands (NYSE: LVS) to a Buy rating.

Qualcomm (Nasdaq: QCOM) will pay an undisclosed sum in cash to acquire video processing chips for high definition televisions from Integrated Device Technology.

On the downside

Mecox Lane (Nasdaq: MCOX) disappointed with flat revenue and a loss for the second quarter.

In the broad market, advancing issues outpaced decliners by a margin of nearly 7 to 1 on the NYSE and by nearly 6 to 1 on Nasdaq. The Russell 2000 which tracks small cap stocks leaped 28 points to 709.