Markets Rally Over Continued Economic Aid

The markets rallied to close sharply higher with the Dow leaping 203 points to 10,226 as investors embraced news that the Group of 20 will continue to aid the world economy. Nasdaq surged 41 points to 2154.

On the upside

EOn Communications (Nasdaq: EONC) reversed year ago losses to post a profit for the fourth quarter.

Developers Diversified Realty (NYSE: DDR) announced that Daniel B. Hurwitz will succeed Scott A. Wolstein as president and chief executive officer on January 1, 2010.

Las Vegas Sands (NYSE: LVS) expects to raise as much as $3.35 billion when it offers shares of its Macau unit on the Hong Kong Stock Exchange.

On the downside

While third quarter revenue for China Natural Gas (Nasdaq: CNG) rose, earnings fell.

RadNet (Nasdaq: RDNT) swung to a loss for the third quarter.

Cogent Communications (Nasdaq: CCOI) narrowed third quarter losses but revenue fell short of expectations.

In the broad market, advancing issues outpaced decliners by a margin of nearly 5 to 1 on the NYSE and by nearly 5 to 2 on Nasdaq. The Russell 2000 which tracks small cap stocks climbed 11 points to 592.

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