February 21, 2012 at 13:47 PM EST
Greek Bailout Lifts Markets
The markets traded modestly higher during the midday with the Dow rising 37 points to 12,993 as investors welcomed the second bailout for Greece. Nasdaq added a fraction to 2952.
On the upside
Hecla Mining (NYSE: HL) reversed year ago losses to post a profit for the fourth quarter.
A Seeking Alpha contributor listed Trina Solar (NYSE: TSL) as one of five Chinese solar stocks on an upswing.
Stillwater Mining (NYSE: SWC) reported higher fourth quarter earnings that surpassed analyst expectations by a wide margin.
On the downside
Food and Drug Administration staff recommended denial of approval for Chelsea Therapeutics' (Nasdaq: CHTP) hypotension treatment Northera.
RadioShack (NYSE: RSH) disappointed with sharply lower fourth quarter earnings that fell short of analyst expectations.
In the broad market, advancing issues outpaced decliners by a margin of nearly 5 to 3 on the NYSE while decliners barely edged out advancers by a slim margin on Nasdaq. The Russell 2000 which tracks small cap stocks edged up a fraction to 829.
Chelsea Therapeutics International Ltd. DELTA AIR LINES, Inc. Dow Jones Industrial Average (EOD) HECLA MINING COMPANY RADIOSHACK CORP. Russell 1000 Index Russell 2000 Russell 3000 Index STILLWATER MINING COMPANY Standard & Poors 500 TRINA SOLAR LIMITED UNITED CONTINENTAL HOLDINGS, Inc. US Airways Group, Inc.
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