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Markets surge helps publisher stocks rise

NASDAQ and Dow enjoy significant gains yesterday, although Euro markets open down

US stock markets NASDAQ and the Dow Jones enjoyed a rare strong day yesterday with rises of 7.1 per cent and 5.8 per cent respectively, propelling the share prices of some North American publishers upwards.

The biggest gainer of the day was Take-Two Interactive, which posted a 14 per cent rise to USD 6.85 - although in after hours trading, following increased losses in the latest financial statement, the price fell by more than 6 per cent.

Retailer Best Buy had a strong day, following the news that it was to create 1000 jobs in the UK for 2010 store openings, with a 13.5 per cent rise to USD 28.07.

Time Warner (12.8 per cent), Intel (10.9 per cent), THQ (10.9 per cent) and GameStop (10.1 per cent) all experienced double digit growth, while Dell (9 per cent), Microsoft (8.8 per cent), EA (6.6 per cent), Disney (6.5 per cent) and HP (5.9 per cent) also all saw positive results.

However, European markets opened more than 1 per cent down this morning, with Eidos and Infogrames both falling similar amounts, while HMV and Game hovered around the 1 per cent gains mark.

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Phil Elliott