Some strong words from Fed Chairman Ben Bernanke on the state of the economy pushed the major indices higher Tuesday, with the Dow closing up 0.6%, the S&P adding 0.3% and the Nasdaq gaining 0.5%.
Here are Tuesday’s winners and losers:
Winners
Teradyne Inc. (TER)
The semiconductor manufacturer rose 11.5% after an upgrade by Oppenheimer. TER shares last traded at $9.22, a gain of 95 cents on the day.
Zions Bancorp. (ZION)
Zions led the regional banks, gaining 10.8%. ZION shares closed Tuesday at $18.12, up $1.76 on the day.
Regions Financial Corp. (RF)
Some positive words regarding troubled loans from the CEO helped the regional gain 9.8%. RF shares ended the session at $6.06, a gain of 54 cents on the day.
Interpublic Group of Cos. (IPG)
The advertising company bounced back Tuesday with shares last trading at $7.18, up 59 cents on the day.
Alcoa Inc. (AA)
The aluminum producer joined the rally on Tuesday to close up 8.1%. AA shares ended the session at $13.99, a gain of $1.05 on the day.
Losers
Citigroup Inc. (C)
The big bank announced it wants to reduce the government’s stake in the company and shares tumbled 8.9%. Citi closed at $4.12, down 40 cents on the day.
Kroger Co. (KR)
The grocer watched shares fall 7.5% after earnings disappointed investors. KR shares last traded at $20.46, a loss of $1.65 on the day.
Coventry Health Care Inc. (CVH)
The diversified health-care company finished the session with a 7.1% loss. CVH shares ended Tuesday’s trading at $23.07, down $1.75 on the day.
American International Group Inc. (AIG)
The insurer followed sector trends, posting a 5.6% loss. AIG shares last traded at $38.80, a loss of $2.31 on the day.
Best Buy Co. Inc. (BBY)
The electronics retailer fell 5.2% on quarterly earnings results. BBY shares closed at $38.32 down $2.09 on the day.
Genesco posts $2.7 million second quarter net lossMarket Winners & Losers: Harris Corp, E*Trade
