Markets Rally On Fiscal Cliff Deal
Investors welcomed the last minute passage of a fiscal cliff deal by sending the markets soaring with the Dow rocketing 308 points to 13,412. Nasdaq jumped 92 points to 3112.
On the upside
Republic Airways Holdings (Nasdaq: RJET) subsidiary Frontier Airlines announced fares as low as $39 one way.
Gevo (Nasdaq: GEVO) announced plans to repurchase up to $15 million worth of common stock.
Bargain hunters snapped up shares of Himax Technologies (Nasdaq: HIMX) whose stock price dropped after Seeking Alpha listed the company as one of eight stocks under $5 with troubling sales trends.
On the downside
Imation (NYSE: IMN) will pay approximately $120 million in cash and stock to acquire Nexsan. Shares of Premier Exhibitions (Nasdaq: PRXI) fell ahead of its third quarter earnings release next week.
Tilly's (NYSE: TLYS) will present at the 15th Annual ICR XChange Conference on Wednesday, January 16, 2013.
In the broad market, advancing issues outpaced decliners by a margin of more than 12 to 2 on both the NYSE and on Nasdaq. The broader S&P 500 index leaped 36 points to 1462.
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