MARKET PULSE-Gigamon, InterCloud, James River, Ohr Pharmaceutical
(For more market insights, including options activity, click on ; for the Day Ahead newsletter link.reuters.com/mex49s; for the Morning News Call newsletter, link.reuters.com/nex49s) U.S. stocks rose on Tuesday, rebounding after three days of declines, as investors bought beaten-down shares of social media and Internet companies. The Dow Jones industrial average was down 0.05 percent at 16,237.36, the S&P 500 was up 0.21 percent at 1,848.88 and the Nasdaq Composite was up 0.59 percent at 4,103.647.
** JAMES RIVER COAL CO, $0.3495, -51.15 pct
** CONSOL ENERGY INC, $40.755, +2.55 pct
** ALPHA NATURAL RESOURCES INC, $4.91, +7.91 pct
** ARCH COAL INC, $5.17, +2.99 pct
James River filed for Chapter 11 bankruptcy protection after struggling with a steep drop in prices and demand for both thermal and steel-making coal.
Shares of other coal miners rallied on expectations of lower competition.
"Should James River's production be disrupted, the largest effect could be felt in the domestic market for specialty stoker tons, or crushed coal, where James River had solid pricing," Brean Capital LLC analyst Lucas Pipes said in a client note. Continued...