MARKET PULSE-Ballard Power, Finisar, Boston Scientific, Sears
(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 rallied at the open on Friday after a stronger-than-expected payrolls report gave traders confidence the economy would be strong enough to withstand a scaling back of stimulus by the Federal Reserve. The Dow Jones industrial average was up 0.76 percent at 15,941.02, the S&P 500 was up 0.78 percent at 1,798.94 and the Nasdaq Composite was up 0.59 percent at 4,056.917.
** J.C. PENNEY CO INC, $8.46, -4.41 pct
The struggling department store chain said it received a letter of inquiry from the U.S. Securities and Exchange Commission, seeking an explanation on the company's financial position.
** INTEL CORP, $24.9901, +3.01 pct
Citigroup raised its rating on the chipmaker's stock to "buy" from "neutral," according to Theflyonthewall.com.
** BIG LOTS INC, $32.81, -11.63 pct Continued...