The US market ended the week on a healthy note as G-7 countries came together to stabilize Japan's economy and situation in Libya stabilized following UNSC intervention.
Hot Stocks of the Day: PFE, SWS, GS, BRK-A, STT, NWY, QTWW
Pfizer Inc (NYSE: PFE) has received the recommendation of European Union drug regulators for its Eliquis drug for the prevention of venous thromboembolic events. PFE gained 1.56 percent or $0.31 to $20.19.
SWS Group Inc (NYSE: SWS) rejected an acquisition offer from Sterne Agee. SWS added 0.49 percent or $0.03 to $6.15.
Goldman Sachs Group Inc (NYSE: GS) plans to redeem preferred stocks issued to Berkshire Hathaway Inc (NYSE: BRK-A). GS gained 2.66 percent or $4.14 to $159.89, and BRK-A was up 0.57 percent or $710 to $124, 735.
State Street Corporation (NYSE: STT) gained 2.19 percent or $0.95 to $44.35 as it announced its quarterly dividend to 18 cents per share.
New York & Company Inc (NYSE: NWY) reported fourth quarter net income of $14.9 million or $0.24 per diluted share. NWY jumped 21.28 percent or $1.16 to $6.61.
Quantum Fuel Systems Technologies Worldwide Inc (NASDAQ: QTWW) registered an increase of 207 percent in its Q3 revenues to $4.6 million from $1.5 million a year ago. QTWW gained 12.11 percent or $0.47 to $4.35.
Dow Jones Industrial Average gained 0.71 percent or 83.93 points to 11,858.52, and Nasdaq Composite added 0.29 percent or 7.62 points to 2,643.67. The Standard and Poor's 500 was up 0.43 percent or 5.49 points to 1,279.21. NYSE Composite added 0.64 percent or 51.54 points to 8,116.40, AMEX Composite gained 0.24 percent or 5.53 points to 2,272.34.
In the currency market, dollar gained 1.09 percent against euro and 0.58 percent against the British pound. Euro gained 1.8 percent against Japanese yen.
Commodities finished on a high note today led by 3.2 percent gain by grains. The CRB Commodity index added 0.71 percent and the DJ-UBS Commodity index gained 1.17 percent. Silver was up 2.3 percent to $35.05 per ounce, and gold added 0.85 percent to $1,415.90 an ounce.