This account is pending registration confirmation. Please click on the link within the confirmation email previously sent you to complete registration.
Need a new registration confirmation email? Click here
TheStreet Open House

Stocks Rise on Housing Report, Cisco Surge

Stock quotes in this article: ^DJI, ^GSPC, ^IXIC, IDIX, WMT, SHLD, CSCO, NTAP, FB, EA, CSTR

"We have the conditions and capabilities, and will be sure to fulfill this year's economic and social development targets," said Wen.

September crude oil futures rose $1.27 to settle at $95.60 a barrel and December gold futures closed up $12.60 at $1,619.20 an ounce.

The benchmark 10-year Treasury was down 7/32, lifting the yield to 1.844%. The greenback was down 0.35%, according to the dollar index.

On the corporate front, Facebook (FB) shares surrendered 6.2% on more than double the average daily volume after the expiration of rules restricting early investors from reducing their stakes in the company.

Coinstar (CSTR) shares were popped 7.6% after the New York Post reported that the parent of the beleaguered movie-rental-kiosks company Redbox has been exploring the idea of selling itself to an unidentified private-equity firm for months now.

The New York Post also reported that private-equity firms KKR and Providence Equity Partners have approached Electronic Arts (EA) as the video-game maker explores the sale of the company in the face of growing competition from free online gaming sites. Shares rose 5.5%.

Idenix Pharmaceuticals (IDIX) shares plummeted 29.7% after the company said that its clinical study of the potential hepatitis C virus treatment IDX184 has once again been partly halted by the U.S. Food and Drug Administration, citing the potential for heart-linked side effects.

Sears Holdings (SHLD) reported that its loss narrowed in the second quarter thanks to cost cuts and leaner inventory levels. Shares gained 6.5%.

NetApp (NTAP), the storage and data management technology company, beat Wall Street's expectations for its fiscal first quarter and gave a solid outlook. Shares closed up 3.8%.


-- Written by Andrea Tse in New York.



>To contact the writer of this article, click here: Andrea Tse.

2 of 2

Select the service that is right for you!

COMPARE ALL SERVICES
Action Alerts PLUS
Try it NOW

Jim Cramer and Stephanie Link actively manage a real portfolio and reveal their money management tactics while giving advanced notice before every trade.

Product Features:
  • $2.5+ million portfolio
  • Large-cap and dividend focus
  • Intraday trade alerts from Cramer
  • Weekly roundups
TheStreet Quant Ratings
Try it NOW
Only $49.95/yr

Access the tool that DOMINATES the Russell 2000 and the S&P 500.

Product Features:
  • Buy, hold, or sell recommendations for over 4,300 stocks
  • Unlimited research reports on your favorite stocks
  • A custom stock screener
  • Upgrade/downgrade alerts
Stocks Under $10
Try it NOW

David Peltier, uncovers low dollar stocks with extraordinary upside potential that are flying under Wall Street's radar.

Product Features:
  • Model portfolio
  • Stocks trading below $10
  • Intraday trade alerts
  • Weekly roundups
Dividend Stock Advisor
Try it NOW

Jim Cramer's protege, David Peltier, identifies the best of breed dividend stocks that will pay a reliable AND significant income stream.

Product Features:
  • Diversified model portfolio of dividend stocks
  • Alerts when market news affect the portfolio
  • Bi-weekly updates with exact steps to take - BUY, HOLD, SELL
Real Money Pro
Try it NOW

All of Real Money, plus 15 more of Wall Street's sharpest minds delivering actionable trading ideas, a comprehensive look at the market, and fundamental and technical analysis.

Product Features:
  • Real Money + Doug Kass Plus 15 more Wall Street Pros
  • Intraday commentary & news
  • Ultra-actionable trading ideas
Options Profits
Try it NOW

Our options trading pros provide daily market commentary and over 100 monthly option trading ideas and strategies to help you become a well-seasoned trader.

Product Features:
  • 100+ monthly options trading ideas
  • Actionable options commentary & news
  • Real-time trading community
  • Options TV
To begin commenting right away, you can log in below using your Disqus, Facebook, Twitter, OpenID or Yahoo login credentials. Alternatively, you can post a comment as a "guest" just by entering an email address. Your use of the commenting tool is subject to multiple terms of service/use and privacy policies - see here for more details.
Submit an article to us!
DOW 17,042.90 -28.32 -0.17%
S&P 500 1,972.29 -5.51 -0.28%
NASDAQ 4,493.39 -12.4620 -0.28%

Brokerage Partners

Rates from Bankrate.com

  • Mortgage
  • Credit Cards
  • Auto

Free Newsletters from TheStreet

My Subscriptions:

After the Bell

Before the Bell

Booyah! Newsletter

Midday Bell

TheStreet Top 10 Stories

Winners & Losers

Register for Newsletters
Top Rated Stocks Top Rated Funds Top Rated ETFs