China's assertion that it will increase consumption in order to improve the global economy lifted the markets to a sharply higher close with the Dow leaping 135 points to 12,504. Nasdaq surged 68 points to 2847.
On the upside
A Seeking Alpha contributor wrote that Magnum Hunter Resources (MHR) was a good buy after its recent price drop.
Krispy Kreme Doughnuts (KKD) reported lower first quarter earnings but the results were better than expected.
Amyris (AMRS) raised $4.1 million on Friday through the sale of more than 1.7 million common shares in a private placement.
On the downside
Shares of Sturm, Ruger & Co. (RGR) dropped after rival Smith & Wesson (NYSE: SWHC) posted strong first quarter results that beat expectations.
Bank of America (BAC) chief executive Brian Moynihan reassured investor conference attendees that he was comfortable with investments made by the bank but the stock price fell.
Shares of Chinese social networking site Renren (Nasdaq: RENN) continued falling after Facebook (FB) shares tanked on its second day of trading.
In the broad market, advancing issues outpaced decliners by a margin of nearly 6 to 1 on the NYSE and by nearly 7 to 2 on Nasdaq. The Russell 2000 which tracks small cap stocks jumped 17 points to 764.
|Wed, May 22, 2013|
|07:07 PM||Sharply Lower Close On Disappointing Earnings|
|03:07 PM||Markets Retreat To Trade Mixed|
|10:42 AM||Fed To Continue Stimulus Program, Markets Soar|
|Tue, May 21, 2013|
|06:26 PM||Dow Rises To Another Record|
|01:34 PM||Markets Advance Ahead Of Bernanke Testimony|
|10:43 AM||Mixed Open Ahead Of Apple's Testimony|
|Mon, May 20, 2013|
|06:07 PM||Investors Lock In Profits|
|03:00 PM||Profit Taking Weighs Down Markets|
|10:42 AM||Mixed Open After Records Last Week|
|Fri, May 17, 2013|
|06:22 PM||Records For Fourth Consecutive Week|
|03:02 PM||Markets Rise As Consumer Sentiment Climbs|
|10:42 AM||High Open As Consumer Sentiment Climbs|
|Thu, May 16, 2013|
|06:29 PM||Economic Data Weighs Down Markets|
|02:20 PM||Markets Rise On Upbeat Earnings|
|10:42 AM||Mixed Open As Jobless Claims Rise|
|Wed, May 15, 2013|
|06:43 PM||Record Dow Close Again|
|01:23 PM||Rise In Homebuilder Confidence Lifts Markets|
|11:30 AM||Lower Open As Factory Output Drops|
|Tue, May 14, 2013|
|06:27 PM||Another Dow Record As Investor Confidence Grows|
|01:03 PM||Investor Optimism Lifts Markets|
|10:42 AM||Higher Open On Lower Import Prices|
|Mon, May 13, 2013|
|06:07 PM||Mixed Close Over Stimulus Concerns|
|01:34 PM||Markets Mixed As Retail Sales Rise|
|10:43 AM||Stimulus May End, Markets Open Lower|
|Fri, May 10, 2013|
|06:31 PM||Another Winning Week|
|02:06 PM||Mixed Markets As Investors Monitor Global Developments|
|11:33 AM||Mixed Open After Record Week|
|Thu, May 09, 2013|
|06:01 PM||Markets Retreat From Record Highs|
|03:13 PM||Markets Rise As Jobless Claims Drop|
|10:42 AM||Markets Retreat After Yesterday's Record Close|
|More News From MarketMinute.com Market Updates|