A rebound in the Chinese markets lifted domestic markets to a sharply
higher open with the Dow leaping 203 points to 17,718. Nasdaq jumped 63
points to 4,973.
On the upside
TechCrunch reported that AOL offered a premium of approximately $300 million to acquire Millennial Media (NYSE: MM).
QLogic (Nasdaq: QLGC) warned that first quarter earnings and revenue would fall short of previous guidance.
Pharmaceuticals (Nasdaq: ANTH) priced its public offering of more than
3.33 million common shares at the discounted price of $7.50 per share.
the broad market, advancing issues outpaced decliners by a margin of
nearly 10 to 1 on the NYSE and by nearly 9 to 1 on Nasdaq. The broader
S&P 500 soared 24 points to 2070. Bitcoin rose $5 to $269.