The Dow rallied some 200 points this morning and the S&P 500 and Nasdaq are both up over 1.7 per cent.
Nearly across the big board, equities are up. However Tempur-Pedic is lagging the gain after poor guidance for its second quarter.
Here are today’s winners and losers.
Iron Mountain (IRM): Up 9.5 per cent — Iron Mountain has announced plans to convert itself into a real estate investment trust, to maximise the company’s value.
First Solar (FSLR): Up 8.3 per cent — Energy is up across the board, with First Solar gaining nearly 8.5 per cent.
Bank of America (BAC): Up 7.5 per cent — Financials are leading the Dow’s rally, with BAC up nearly 8 per cent on the day.
Chesapeake Energy (CHK): Up 6.1 per cent — Chesapeake is in talks to sell its pipelines for $4 billion, which has caused the entire energy sector to jump.
PulteGroup (PHM): Up 6.6 per cent — Credit Suisse upgraded PulteGroup to outperform from neutral, causing the stock to soar this morning.
Tempur-Pedic International (TPX) Down 47.3 per cent — Tempur-Pedic projected full year results would be 30 per cent lower than originally forecast.