Gains extended over Greece and China

The markets extended its gains during the midday with the Dow leaping 209 points to 17,757 as investors cheered Greece's reform proposal and China's stock market rebound. Nasdaq jumped 70 points to 4,992.

On the upside

Raymond James analyst Travis McCourt lifted his third quarter iPhone (Nasdaq: AAPL) sales estimate from 46 million to 50 million units.

The New York Times reported that Facebook (Nasdaq: FB) engaged in preliminary talks to license music videos from major record labels.
American Airlines (NYSE: AAL) lowered its capacity growth forecast for 2015.
On the downside

Orchid Island Capital (NYSE: ORC) lowered its monthly cash dividend from 18 cents to 14 cents per share payable on July 31, 2015 to shareholders of record July 27, 2015.

First quarter earnings for Helen of Troy (Nasdaq: HELE) fell short of analyst expectations.

Shares of Sprint (NYSE: S) continued falling after MoffettNathanson analyst Craig Moffett said yesterday that the company would soon be in severe financial distress.

In the broad market, advancing issues outpaced decliners by a margin of nearly 4 to 1 on both the NYSE and on Nasdaq. The broader S&P 500 soared 25 points to 2076. Bitcoin climbed $14 to $284. 

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This page contains a single entry by published on July 10, 2015 10:08 AM.

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