Stocks are trading higher today investors keep an eye on more comments from Ben Bernanke. Bernanke will deliver his semiannual report to the House Financial Services Committee later this morning. Bernanke gave a poor outlook for the economy last week, but pledged that the Fed will take action as needed to help the economy.
The Dow is up 42 points, the Nasdaq is up 23 points and the S&P 500 is up 5 points this morning.
Hot Stocks
Galena Biopharma, Inc. (NASDAQ:GALE) is up 19.29% this morning at $2.04. GALE has traded 12.3 million shares so far today, 6 times its normal volume. GALE shares are rallying today after being issued NeuVax U.S. patent. The company has a market cap of 135.79 million.
Amphenol Corporation (NYSE:APH) is up 14.61% today at $58.86. APH has traded 1.8 million shares so far today and trades 875 thousand shares a day on average. APH shares are moving higher today on positive earnings revision. The company has a market cap of 9.52 billion.
Vivus Inc. (NASDAQ:VVUS) is up 13.29% today at $29.98. VVUS has traded 20.2 million shares so far today, well above its daily average of 3.5 million shares. VVUS shares are rising today as its weight loss drug receives FDA approval. The company has a market cap of 2.96 billion.
Aruba Networks, Inc. (NASDAQ:ARUN) is up 10.51% today at $13.78. ARUN has traded 937 thousand shares so far today and trades 3.5 million shares a day on average. The company has a market cap of 1.55 billion.
Amicus Therapeutics, Inc. (NASDAQ:FOLD) is up 8.80% today at $6.55. FOLD has traded 728 thousand shares so far today, well above its daily average of 172 thousand shares a day on average. The company has a market cap of 305.15 million.
EMC Corporation (NYSE:EMC) is up 9.09% this morning at $25.00. EMC has traded 15.4 million shares so far today and trades 20.1 million shares a day on average. EMC shares and its subsidiary VMware both are up today on executive changes and preliminary second quarter results. The company has a market cap of 52.35 billion.
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