December 31, 2012 at 19:22 PM EST
Markets Soar On Fiscal Cliff Deal Optimism
Optimism that lawmakers would finalize a deal to avoid the fiscal before the midnight deadline boosted the markets to a sharply higher close with the Dow leaping 166 points to 13,104. Nasdaq jumped 59 points to 3019.
On the upside
The Food and Drug Administration granted Lexicon Pharmaceuticals (Nasdaq: LXRX) fast track status for its LX1033.
Strong growth of manufacturing activity in China in December lifted shares of Cliffs Natural Resources (NYSE: CLF).
Three Amyris (Nasdaq: AMRS) directors purchased significant shares of company stock.
On the downside
Savient Pharmaceuticals (Nasdaq: SVNT) director Lee S. Simon, M.D. resigned. Cal-Maine Foods (Nasdaq: CALM) disappointed with sharply lower second quarter earnings as expenses climbed.
Motley Fool wrote that Rite Aid (NYSE: RAD) was a speculative investment among retail drugstore chains.
In the broad market, advancing issues outpaced decliners by a margin of 9 to 2 on the NYSE and by more than 4 to 1 on Nasdaq. The broader S&P 500 index surged 23 points to 1426.
Stock Market XML and JSON Data API provided by FinancialContent Services, Inc.
Nasdaq quotes delayed at least 15 minutes, all others at least 20 minutes.
Markets are closed on certain holidays. Stock Market Holiday List
By accessing this page, you agree to the following
Privacy Policy and Terms and Conditions.
Press Release Service provided by PRConnect.
Stock quotes supplied by Six Financial
Postage Rates Bots go here
//-->