Markets Rally On Election Day
The markets rallied to close sharply higher with the Dow soaring 133 points to 13,245 on election day. Nasdaq gained 12 points to 3011.
On the upside
Myriad Genetics (Nasdaq: MYGN) reported higher first quarter earnings that topped analyst expectations.
Third quarter earnings rose for Weight Watchers International (NYSE: WTW) to surpass analyst estimates.
OfficeMax (NYSE: OMX) reported sharply higher third quarter earnings that beat expectations. On the downside
THQ (Nasdaq: THQI) narrowed second quarter losses but the video game developer postponed the release of three new titles.
Responsys (Nasdaq: MKTG) reported higher third quarter earnings but the results fell short of analyst expectations and the company forecast current quarter results below estimates.
Hecla Mining (NYSE: HL) fell to a loss for the third quarter.
In the broad market, advancing issues outpaced decliners by a margin of nearly 5 to 2 on the NYSE and by more than 5 to 3 on Nasdaq. The Russell 2000 which tracks small cap stocks gained 6 points to 825.
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