November 28, 2012 at 17:14 PM EST
Fiscal Cliff Deal Near, Markets Soar
The markets closed sharply higher with the Dow soaring 106 points to 12,985 after lawmakers indicated that they were closer to a compromise deal to avert the fiscal cliff. Nasdaq climbed 23 points to 2991.
On the upside
Deutsche Bank initiated coverage of Idenix Pharmaceuticals (Nasdaq: IDIX) with a Buy rating.
Danfoss offered a premium of $49 per share to acquire the remaining 24% of Sauer-Danfoss (NYSE: SHS) that the industrial group does not already own.
On the downside
Universal Technical Institute (NYSE: UTI) warned of flat or lower new student enrollments in 2013.
Investors locked in profits on Mellanox Technologies (Nasdaq: MLNX), whose stock price rose Monday after TheStreet affirmed its Buy rating on the company.
The Food and Drug Administration accepted Aveo Pharmaceuticals' (Nasdaq: AVEO) new drug application for its advanced renal cell carcinoma treatment tivozanib but the stock price fell.
In the broad market, advancing issues outpaced decliners by a margin of nearly 5 to 2 on the NYSE and by nearly 5 to 3 on Nasdaq. The Russell 2000 which tracks small cap stocks gained 5 points to 813.
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
Press Release Service provided by PRConnect.
Stock quotes supplied by Telekurs USA
Postage Rates Bots go here