Mar. 23, 2009 (Investor's Business Daily) -- Major indexes flared Monday as investors cheered positive housing data and a government plan to mop up toxic assets.
The NYSE composite surged 7.3%, the S&P 500 7.1%, the Nasdaq and Dow 6.8%.
Volume fell on both exchanges.
Telecom switching service provider Neutral Tandem (TNDM) jumped 1.39 to 23.34 in brisk trade, stooping slightly from a record high. The stock is in its third straight week of gains.
Shanda Interactive Entertainment (SNDA) shot up 2.43 to 36.36 in double its average volume, recouping its losses of last week. The online game provider said Monday it's discussing a joint gaming venture with Chinese game developer Ourgame.
Capitol Federal Financial (CFFN) bolted 2.41 to 39.51 in rapid pace, hauling the stock back above its 50-day moving average.
Digital network operator DG Fastchannel (DGIT) powered up 1.34 to 18.37 in strong trade. The move helped the stock regain its 10-week line as it builds the right side of a cup-shaped pattern.
On the downside, HMS Holdings (HMSY) plunged 2 to 29.96 in heavy action, slamming the stock beneath its 50-day line in its fourth straight down session.
Teleflex (TFX )dived 3.55 to 38.60 in nearly six times its usual volume. That pushed the disposable medical, aerospace and marine components maker to 43% below its high, its lowest mark since May 2003.
Auto parts retailer O'Reilly Automotive (ORLY) gapped down and dropped 1.15 to 33.76 in hefty trade. The fall came after UBS analysts cut the company to neutral from buy, but raised its earnings estimates.
