Thursday, March 07, 2013 – Here is today’s summary of U.S. stock market activities – Major Headlines, Biggest Stock Losers, Biggest Stock Gainers, Top Advancers & Decliners.
Stock Market Headlines
The Dow (DJIA) index continues to break new records, rising 33.25 points to end the day at 14,329.49, its highest close ever. Both the Nasdaq and S&P also ended the day higher as they inched closer to their highest levels on record.
Today’s gains were based on “an upbeat weekly jobless claims report and ahead of the widely-watched monthly government jobs data. For the week so far, all three major averages are up more than 1 percent across the board and the S&P 500 and Nasdaq are on pace for their biggest weekly gains in nine weeks.”
On the NYSE, advancing stocks (1,724) outpaced declining stocks (1,291). The Nasdaq had 1,485 advancing stocks versus 975 decliners.
- Affymax, Inc. was the highest gainer across the NYSE and Nasdaq, rising 53.71% to end the day at $3.52. Today's rise comes “about 10 days after the drugmaker recalled its anemia treatment Omontys because of reports three people had fatal reactions to the medicine. Sylvia Wheeler, a spokeswoman for the company, didn’t return telephone calls seeking comment”.
- Immersion Corporation stock was the next highest gainer. The company’s stock (IMME) “jumped more than 30% after it struck a multi-year licensing agreement with Samsung Electronics Co. Ltd and raised its 2013 revenue forecast by over 50 percent”.
- “Artisan Partners Asset Management announced today, the pricing of its IPO at a price to the public of $30.00 per share”. The stock soared 29.43% to end the day at $38.83
- Shares of SolarCity (SCTY) Stock plunged -14.43%, one day after the company reported Q4 2012 financial results.
- China Lodging Group (HTHT) was the next biggest loser across the NYSE and Nasdaq. The stock declined -14.32% to close the day at $16.51 after the firm reported disappointing Q4 and Full Year 2012 results.
- Aviva Plc (ADR) was next in line with the stock dropping -12.37% to be the third top loser across the Nasdaq and NYSE. Investors rushed to dump the company’s stock after it cut its final dividend by 44%.