In analyst action, Jesup & Lamont downgraded PharmaNet ( PDGI) to sell from neutral. The stock, which suffered an earnings miss last week, was off 92 cents, or 5.9%, at $14.81 Monday. Also, Susquehanna Financial downgraded ArthroCare ( ARTC) to negative from neutral. Shares were down $1.71, or 3.8%, at $42.88.
Stocks soar as the gross domestic product rises at an annualized rate of 3.5% in the third quarter and continuing jobless claims fall. Gregg Greenberg recaps the action in The Real Story video (above).