Gainers Financial Select Sector SPDR (NYSE: XLF) up 1.01% to $16.12. Shares in the sector are up today despite avdowngrade by S&P of Greece’s debt to junk yesterday and a downgrade of Spain today. CDS spreads have tightened on a number of financial companies after rising in recent days on concerns about financial reform. Market Vectors...

City Bank Lynnwood (Nasdaq: CTBK) 79.4% LOWER; today marks the first day of trading since the Nasdaq halted the stock on April 19. Synergetics USA, Inc., (Nasdaq: SURG) 37.3% HIGHER; announced today the signing of a pair of agreements with Alcon Laboratories, Inc. (NYSE: ACL) granting Alcon a license to sell certain products manufactured by Synerg...

UPGRADES U.S. Steel (NYSE: X) gets an upgrade from two today: Goldman Sachs maintains their Buy rating, but increses their price target to $73 from $70. Click Here for more color; Dahlman Rose upgrades United States Steel (NYSE: X) from Hold to Buy, maintaining their $80 price target. Tellabs (Nasdaq: TLAB) gets an upgrade from two today: J.P. ...

City Bank Lynnwood (Nasdaq: CTBK) 79.4% LOWER; today marks the first day of trading since the Nasdaq halted the stock on April 19. Synergetics USA, Inc., (Nasdaq: SURG) 56.8% HIGHER; announced today the signing of a pair of agreements with Alcon Laboratories, Inc. (NYSE: ACL) granting Alcon a license to sell certain products manufactured by Synerg...

Notable Mergers and Acquisitions of the Day : Western Digital Corporation (NYSE: WDC) announced today that it has agreed to purchase the magnetic media sputtering operations of Hoya Corporation and Hoya Magnetics Singapore Pte. Ltd. for 22 billion yen (approximately $235 million) in an all-cash transaction. The agreement includes a multi-year com...

An S&P downgrade of Spain’s sovereign debt briefly shook US stock markets but failed to break the session’s rally ...

European shares tumbled on Wednesday, led by Portugal as worries deepened that Greece’s debt woes would spill elsewhere in the eurozone periphery ...

Storm in sovereign debt markets drags FTSE 100 to its lowest level in nearly two months ...

London’s equities market endured a hugely volatile session on Wednesday, with sentiment closely controlled by the twists and turns of the Greek debt crisis ...

The outperformance of risk assets over the past year suggests all credit problems have been solved – but nothing could be further from the truth, writes Leigh Skene ...