Benzinga Afternoon Update
Midway through the afternoon Thursday, stocks rallied on Federal Reserve chairman Ben Bernanke's announcement of a round of quantitative easing and an extension of near-zero interest rates until mid 2015. Operation Twist will continue through the end of the year and the Fed will purchase billions of dollars worth of mortgage backed securities until the labor market improves. The Dow traded up about 1.83 percent, roughly 184.38 points. The NASDAQ rose about 1.42 percent, or 44.17 points, while the S&P was also rising, trading up 1.52 percent.
Following acquisition of Appalachian Water Services on Monday, investor confidence may have boosted Heckmann (NYSE: HEK), which rose 9.11 percent to $4.91 today, rocketing over 80% from its all-time low of $2.69 at the start of September.
Shares of Equinix (NASDAQ: EQIX) continued their rally as the stock rose 8.37 percent to $202.17 in mid-afternoon trading, following news that its board approved the company's REIT conversion plan.
Pall Corp (NYSE: PLL) moved up about 7.51 percent to $62.54 Thursday afternoon, following Wednesday's earnings beat and positive fiscal year finish.
Magnum Hunter Resources (NYSE: MHR) traded up 8.36%, around $4.97 following a Credit Suisse initiation at Outperform.
General Electric (NYSE: GE) was up 0.83% to $22.07, its highest value since October 2009 after announcing it would be investing $32.9M in diagnostic imaging and radiology.
In tech news, Apple (NASDAQ: AAPL) share prices were up near an all-time high of 684.50, up 2.2% for Thursday, one day after the announcement of the iPhone 5.
Nokia (NYSE: NOK) traded up 6.55% to about $2.93 Thursday afternoon after its CEO said the company was seeing good interest from potential buyers in purchasing its business support systems unit.
Constant Contact (NASDAQ: CTCT) tumbled on Thursday, still down 3.88% around $19.05
Bridgepoint Education (NYSE: BPI) fell 4.64% this afternoon to $10.49.
Following announcements of airfare prices rising, US Airways Group (NYSE: LCC) has fallen 4.31% mid-afternoon, trading around $11.31.
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