News that the Federal Reserve considered additional stimulus measures during its August 9 meeting to strengthen the nation's economy lifted the markets to a higher close with the Dow rising 20
points to 11,559. Nasdaq gained 14
points to
2576.
Three Monster Worldwide (NYSE: MWW) executives acquired shares in the company.
The former chief financial officer of Beazer Homes (NYSE: BZH), James O'Leary, will return $1.4 million in bonus payments and stock sales that he earned when the homebuilder committed accounting fraud.
Rising silver prices lifted shares of Silvercorp Metals (NYSE: SVM).
On the downside
A Seeking Alpha article said that mortgage insurer MGIC Investment (NYSE: MTG) will record more delinquencies.
CNinsure (Nasdaq: CISG) disappointed with lower second quarter earnings.
In the broad market, advancing issues outpaced decliners by a margin of nearly 2 to 1 on the NYSE and by nearly 10 to 9 on Nasdaq. The Russell 2000 which tracks small cap stocks added 3 points to 728.
