Market Recap: Stocks RALLY, First Solar JUMPS 21%, Zynga SLAMMED
Markets closed up on Wall Street today: Dow +1.31%, S&P +1.17%, Nasdaq +1.19%, Oil +0.12%, Gold -0.12%.
Here’s your Cheat Sheet to today’s top stock stories:
Conservative talk show host Glenn Beck, who left Fox News (NASDAQ:NWSA) last year, is extending his contract with radio network partner, Clear Channel (NYSE:CCO). Beck reportedly signed a new five-year, $100 million extension with Premier Networks, a wholly-owned subsidiary of Clear Channel. And the deal is stirring up questions about whether Beck’s days at Sirius XM (NASDAQ:SIRI) may be numbered.
First Solar Inc.’s (NASDAQ:FSLR) shares jumped more than 21 percent after the company said it would increase production to meet surprisingly high levels of demand in Germany. Reuters reported that First Solar will raise production at its German plants although they have been scheduled to close later in the year.
FactSet Resarch (NYSE:FDS) dropped more than 12 percent after it reported a third quarter revenue decline greater than analysts’ estimates. This came as its financial industry clients slashed costs and laid off workers. With today’s share drop, it represented the greatest fall in two years, reported CNBC.
Zynga’s (NASDAQ:ZNGA) shares fell more than 10 percent on Tuesday as its user numbers declined and investors worried that the frenzy for games on Facebook may have peaked. The company is having problems keeping gamers as they look to mobile phones for entertainment said analysts.
In after-hours trading, Dell Inc. (NASDAQ:DELL) announced plans to pay a quarterly dividend in its third fiscal quarter; they comes as an effort to raise shareholder value. Shares jumped three percent to $12.33.