Markets Rally On Election Day
November 06, 2012 at 09:03 AM EST
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 upsideMyriad 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 downsideTHQ (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.
