Greece named former European Central Bank vice president Lucas Papademos to the position of Prime Minister sending the markets soaring to a sharply higher close with the Dow jumping 259 points to 12,153. Nasdaq surged 53 points to 2678.
On the upside
TheStreet listed Rite Aid (NYSE: RAD) as one of eleven stocks trading under $11 with great long term potential.
OfficeMax (NYSE: OMX) began offering Black Friday deals today and will announced new deals every Friday until December 16.
Shares of Mitek Systems (Nasdaq: MITK) rose ahead of its earnings release Monday after market close.
On the downside
Bio-Reference Laboratories (Nasdaq: BRLI) will repurchase up to 1 million shares of common stock.
The Food and Drug Administration issued a complete response letter to Alimera Sciences (Nasdaq: ALIM) for its diabetic macular edema treatment Iluvien and requested two additional clinical trials of the treatment.
Kennedy-Wilson Holdings (NYSE: KW) priced its offering of 6 million common shares at the discounted price of $11 per share.
In the broad market, advancing issues outpaced decliners by a margin of 6 to 1 on the NYSE and by more than 3 to 1 on Nasdaq. The Russell 2000 which tracks small cap stocks leaped 19 points to 744.
