Markets Surge, Oil Falls, Bud Files Suit

Stock Indexes closed sharply higher today on falling oil prices and the Feds assurances to the troubled financial sector. The DJIA surged ahead +152.25 to 11384.21, the Nasdaq jumped +51.12 to 2294.44 and the S&P 500 climbed +21.39 ending the day at 1273.69.

Anheuser Busch (BUD | Quote | Chart | News | PowerRating) fell $0.10 to 61.66/share on news that the company filed suit to block InBev's takeover attempt.

CTC Media (CTCM | Quote | Chart | News | PowerRating) - The operator of Russian TV private networks fell 13.95% or $3.47 to $21.40/share after being downgraded by Morgan Stanley.

Paccar Inc (PCAR | Quote | Chart | News | PowerRating) climbed $1.55 to $42.82/share after expanding its stock buyback program.

VMware (VMW | Quote | Chart | News | PowerRating) plummeted 24.44% or $13.00 to $40.19/share on the removal of its CEO Diane Green.

Oil fell sharply $5.52 to $135.85/barrel, Gold slipped $5.50 to $923.30/oz and the VIX gave back 10.20% ending the session at 23.15