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Greek Bailout Lifts Markets
Posted on February 21, 2012 at 13:47 PM EST
The markets traded modestly higher during the midday with the Dow rising 37 points to 12,993 as investors welcomed the second bailout for Greece. Nasdaq added a fraction to 2952. On the upside Hecla Mining (NYSE: HL) reversed year ago losses to post a profit for the fourth quarter. A Seeking Alpha contributor listed Trina Solar (NYSE: TSL) as one of five Chinese solar stocks on an upswing.
Stillwater Mining (NYSE: SWC) reported higher fourth quarter earnings that surpassed analyst expectations by a wide margin. On the downside Food and Drug Administration staff recommended denial of approval for Chelsea Therapeutics' (Nasdaq: CHTP) hypotension treatment Northera. Rising crude oil prices weighed down shares of Delta Air Lines (NYSE: DAL), United Continental (NYSE: UAL) and U. S. Airways (NYSE: LCC).
RadioShack (NYSE: RSH) disappointed with sharply lower fourth quarter earnings that fell short of analyst expectations. In the broad market, advancing issues outpaced decliners by a margin of nearly 5 to 3 on the NYSE while decliners barely edged out advancers by a slim margin on Nasdaq. The Russell 2000 which tracks small cap stocks edged up a fraction to 829. Related Stocks:
Chelsea Therapeutics International Ltd.
Delta Air Lines
Dow Jones Industrial Average (EOD)
Hecla Mining Co.
NASDAQ 100
NASDAQ Composite
RadioShack Corp.
Russell 1000 Index
Russell 2000
Russell 3000 Index
Standard & Poors 500
Stillwater Mining Co.
Trina Solar Ltd.
US Airways Group, Inc.
United Continental Holdings
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