logo
  Join        Login             Stock Quote

Italy Makes The Right Moves; NVDA Soars

 November 11, 2011 04:56 PM
 


Italian lawmakers did just what observers hoped for when they approved tough austerity measures. That meant U.S. investors got to go home for the weekend happy after all the major indexes ended the day up.

The Dow Jones industrial average was up 2.18 percent, or 259.67 points, to 12,153.46; the Nasdaq was up 2.04 percent, or 53.60 points, to 2,678.75; the Standard & Poor's 500 was up 1.95 percent, or 24.16 points, to 1,263.85; the NYSE composite was up 1.90 percent, or 141.14 points, to 7,565.09; and the AMEX composite was up 1.71 percent, or 38.71 points, to 2,301.24.

Hot Stocks

Nvidia Corp. (Nasdaq:NVDA) beat estimates for its most-recent quarter and ended the day up 3.52 percent, or $0.51, to $14.98.

[Related -Bank Stocks: The Misbegottenness of the Volcker Rule Truly Knows No Bounds]

Deutsche Bank AG (NYSE:DB) ended the day up 5.98 percent, or $2.24, to $39.72, presumably on news Italy is moving swiftly to handle its debt issues. Other financials also perked up following the news. Barclays Plc. (NYSE:BCS) was up 4.19 percent, or $0.46, to $11.43. Citigroup Inc. (NYSE:C) was up 2.44 percent, or $0.79, to $29.33.

Walt Disney Co. (NYSE:DIS) beat quarterly expectations and issue positive guidance. Shares were up 5.91 percent, or $2.06, to $36.70.

[Related -Citigroup Inc (C) Q4 Earnings Preview: What To Watch?]

Commodities and Currencies

Oil was up 1.24 percent, or $1.21, to $98.98 per barrel. Gold was up 1.69 percent, or $29.70, to $1,.788.60 per ounce. Silver was up 2.55 percent, or $0.87, to $34.96 per ounce.

The euro gained 1.05 percent against the U.S. dollar to 1.3750. The dollar lost 0.36 percent against the Japanese yen to 77.3750. The British pound gained 0.88 percent against the dollar to 1.6072.

International Markets

Britain's FTSE was up 1.85 percent, or 100.56 points, to 5,545.38; Germany's DAX was up 3.22 percent, or 189.22 points, to 6,057.03; France's CAC 40 was up 2.76 percent, or 84.54 points, to 3,149.38; and Italy's FTSE MIB was up 3.68 percent, or 560.51 points, to 15,778.85.

Japan's Nikkei was up 0.16 percent, or 13.67 points, to 8,514.47; Hong Kong's Hang Seng was up 0.91 percent, or 173.28 points, to 19,137.17; Singapore's Straits Times was up 0.14 percent, or 4.04 points, to 2,790.94; India's BSE 30 was down 0.97 percent, or 169.28 points, to 17,192.82; and China's Shanghai Composite was up 0.06 percent, or 1.55 points, to 2,481.08.

Industry Watch

The computer peripherals industry was the day's big winner, up 5.44 percent. Immersion Corp. (Nasdaq:IMMR) was up 13.58 percent, or $0.66, to $5.52 on a lesser loss than expected.

The long distance carrier industry was the day's worst performer, down 0.50 percent.

Best and Worst

Pinnacle Data Systems Inc. (AMEX:PNS) was the day's big percentage gainer, up 105.22 percent, or $1.21, to $2.36 on news of a $22 million buyout offer from Avnet Inc. (NYSE:AVT). Avnet was up 4.19 percent, or $1.24, to $30.85.

Alimera Sciences Inc. (Nasdaq:ALIM) was down 74.36 percent, or $5.48, to $1.90 and became the day's biggest percentage decliner. Seems the Food and Drug Administration shot down a drug application.

iOnTheMarket Premium
Advertisement

Advertisement


Comments Closed


rss feed

Latest Stories

article imageArcelorMittal SA (ADR)(MT): Steel Stocks about to Get Red Hot

For the second consecutive day, a major broker upgraded a steel company by advancing their recommendation read on...

article imageExpress, Inc. (EXPR) Q2 Earnings Preview: Out of Style

Express, Inc. (NYSE:EXPR) will conduct a conference call to discuss its second quarter fiscal 2014 results read on...

article imageSmith & Wesson Holding Corp. (SWHC) Q1 Earnings Preview: Above Target

Smith & Wesson Holding Corp. (NASDAQ:SWHC) plans to release its first quarter fiscal 2015 financial results read on...

article imageUnited States Steel Corporation (NYSE:X): Turning $50 Says Credit Suisse

United States Steel Corporation (NYSE:X) is rolling today; up nearly 2.5% thanks mostly to an upgrade from read on...

Advertisement
Popular Articles

Advertisement
Daily Sector Scan
Partner Center



Fundamental data is provided by Zacks Investment Research, and Commentary, news and Press Releases provided by YellowBrix and Quotemedia.
All information provided "as is" for informational purposes only, not intended for trading purposes or advice. iStockAnalyst.com is not an investment adviser and does not provide, endorse or review any information or data contained herein.
The blog articles are opinions by respective blogger. By using this site you are agreeing to terms and conditions posted on respective bloggers' website.
The postings/comments on the site may or may not be from reliable sources. Neither iStockAnalyst nor any of its independent providers is liable for any informational errors, incompleteness, or delays, or for any actions taken in reliance on information contained herein. You are solely responsible for the investment decisions made by you and the consequences resulting therefrom. By accessing the iStockAnalyst.com site, you agree not to redistribute the information found therein.
The sector scan is based on 15-30 minutes delayed data. The Pattern scan is based on EOD data.