Stocks rallied to a five-month high on Tuesday, boosted by encouraging services-sector data and hopes that global central banks will follow Japan's lead in stimulating economic growth.
Kathleen Madigan has details on today's big marketplace rally and an additional record run for gold.
A take a look at the 10 biggest quantity gainers on Nasdaq at the close of trading:
Actel Corp. : Roughly one,873,200 shares changed hands, a 1,233.9 % increase more than its 65-day average quantity. The shares fell $.05 or .2 percent to $20.90.
PowerShares QQQ has benefitted from the Nasdaq-100 Index’s outperformance versus main stock benchmarks recently, but its route is closely linked to tech giant Apple Inc., which includes one-fifth with the exchange-traded fund’s assets.
The Nasdaq-100 was in a position to escape its summer time buying and selling array during September’s rally, unlike the S&P 500 Index (SPX 1,161, +23.72, +2.09%) and the Dow Jones Industrial Average (DJIA 10,945, +193.45, +1.80%) . Stocks jumped Tuesday after the Bank of Japan announced plans to dampen the yen’s rise, and the Nasdaq basket again led the way.
The head of Motorola Inc.'s mobile-phone business stated he's open to developing devices that run Microsoft Corp.'s new cellular working program, despite the patent-infringement lawsuits the software giant recently filed against his company.
The comments by Motorola co-Chief Executive Sanjay Jha were his company's initial detailed remarks on the lawsuits filed by Microsoft at the International Trade Commission and federal court in Seattle.
Medex, Inc. these days announced four strategic hires and a number of facilities expansions meant to foster substantial revenue and earnings development at the Company's Creative Rehab Technology Services, Inc. and Bee Mobile, Inc. operations.
The drumbeat for a formal probe of financial institution foreclosure practices got a little louder on Tuesday as California's Democratic Congressional delegation urged regulators to look into possible violations.
The group, led by Rep. Zoe Lofgren, sent a letter requesting an investigation to Federal Reserve Chairman Ben Bernanke, Attorney General Eric Holder, and Joseph Walsh, the acting Comptroller of the Currency.
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