The U.S. market closed the week on a high note as European leaders agreed to find a resolution to debt crisis and U.S. consumer confidence hit a six-month high.
The Dow Jones industrial average rose 1.54 percent or 184.44 points to close at 12,182.14. The Standard & Poor's 500 index was up 1.69 percent or 20.81 points to close at 1,255.16. The Nasdaq Stock Market Inc. composite index gained 1.94 percent or 50.47 points to close at 2,646.85.
Hot Stocks of the Day: CTIC, COO, AMTD, YUM, ALTR
Shares of Cell Therapeutics, Inc. (Nasdaq: CTIC) slumped 13.04 percent, or $0.18, to close trading at $1.20 per share, after the biopharmaceutical firm said it would sell $20 million in stock to two institutional investors.
Cooper Cos., Inc. (NYSE: COO) reported fourth-quarter fiscal 2011 results with adjusted earnings per share of $1.46 comfortably beating both analysts' estimate of $1.21 and the year-ago earnings per share of $1.09. Net income for the quarter rose 17.4 percent year over year to $56.6 million or $1.15 a share. Shares jumped 15.99 percent, or $9.30, to close at $67.46.
TD Ameritrade Holding Corp. (Nasdaq: AMTD) reported its daily client trades in November declined from both a year earlier and the previous month. The online brokerage posted an average of 377,000 client trades per day last month, down 7.4 percent from October and 3.8 percent from last year. Client assets totaled $404.2 billion as of the end of the month, roughly flat from October though 9.5 percent higher than last year. Shares gained 2.99 percent, or $0.48, to close at $16.36.
Yum! Brands, Inc. (NYSE: YUM) expects to grow its earnings per share next year by at least 10 percent, which would mark the 11th straight year of double-digit results. It expects 75 percent of its profit this year will come from its international businesses, especially China, which is a total reversal from the 22 percent it derived internationally in 1998. Shares gained 1.06 percent, or $0.61, to close at $58.10.
Altera Corp. (Nasdaq: ALTR) said that revenue for the fourth quarter will come in about 13 percent to 16 percent lower than the third quarter, compared to its previous guidance for a decline of 7 percent to 11 percent.