Stock Market Watch

Stocks End Higher Amid Reports of Progress in European Debt Talks

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Stocks rallied in late trading today to finish sharply higher for the day amid reports of progress in European debt talks in Brussels. Stocks struggled for direction most of the day; however, a report in the afternoon that China may invest in the euro zone bailout fund lifted sentiments. Meanwhile, the euro zone is considering leveraging the bailout fund by 4 times from its current size, according to reports.

With progress on the debt crisis front, stocks rose sharply in late trading. The Dow Jones ended the day 1.39% higher at 11,869.04, the S&P 500 ended the day 1.05% higher at 1,242, and the Nasdaq ended the day 0.46% higher at 2,650.67.


Cheniere Energy Inc. (AMEX: LNG) shares led the gains in trading today after the company entered into sale and purchase agreement with BG to export U.S. LNG. Cheniere Energy shares ended the day 68.63% higher at $10.32.

Other major gainers in trading today included Manitowoc Company Inc. (NYSE: MTW), which ended the day 22.08% higher at $10.56, Questcor Pharmaceuticals Inc. (NASDAQ: QCOR), which ended the day 21.41% higher at $40.43, Clearwire Corporation (NASDAQ: CLWR), which ended the day 19.51% higher at $1.96, and Panera Bread Company (NASDAQ: PNRA), which ended the day 15.49% higher at $133.64.

Among the major losers in trading today were MF Global Holdings Ltd. (NYSE: MF), which ended the day 8.60% lower at $1.70, and Amazon.com Inc. (NASDAQ: AMZN), which ended the day 12.66% lower at $198.40.

European markets ended on a mixed note in trading today as investors remained cautious ahead of the EU summit. The FTSE 100 Index in London ended the day 0.50% higher at 5.553.23, and the CAC 40 Index in France ended the day 0.15% lower at 3,169.62.

edliston
Post Written By: Ed Liston

Ed Liston is a senior contributing editor at TheStockMarketWatch.com. An active market watcher and investor, Ed guides an independent team of experienced analysts and writes for multiple stock trader publications. He is widely quoted in various financial publications on the Internet. When Ed is not writing about stocks, investing in stocks, talking about stocks, or otherwise doing something stock related, he likes to go sailing and fishing in his yacht.


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Ed Liston

Ed Liston is a senior contributing editor at TheStockMarketWatch.com. An active market watcher and investor, Ed guides an independent team of experienced analysts and writes for multiple stock trader publications. He is widely quoted in various financial publications on the Internet. When Ed is not writing about stocks, investing in stocks, talking about stocks, or otherwise doing something stock related, he likes to go sailing and fishing.

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