Market Close Wrap-Up: March 9, 2010

The major U.S. equity indices closed higher Tuesday following a rally in telecommunications, which benefitted Cisco Systems (NASDAQ:CSCO) new router that it unveiled. In corporate news, the Boston Beer Co. (NYSE:SAM) reported Q4 EPS of 52 cents, missing consensus estimates of 58 cents. Revenues for the quarter rose 3% year-over-year to $107.2 million, falling short of consensus estimates of $110.83 million. Shares of Salix Pharmaceuticals (NASDAQ:SLXP) are trading 1.5% lower to $30.75 after hours Tuesday after the company reported a Q4 loss of $0.13, beating consensus estimates for a loss of $0.14. Revenues for the quarter rose 15.8% to $70.2 million, topping consensus estimates of $68.2 million. The Dow Jones Industrial Average (DJI) closed 0.11% higher at 10,564.38, the S&P500 (INX) closed 0.17% higher at 1,140.44, and the Nasdaq Composite closed 0.36% higher at 2,340.68.

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News & Politics

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• Cisco
• CSCO
• Salix
• Pharmaceuticals
• SLXP
• Boston
• Beer
• Co.
• SAM
• NYSE
• NASDAQ
• S&P500