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Stocks Rise on Speculation of Fed Support

Written by: Andrea Tse 08/10/12 - 4:30 PM EDT
Tickers in this article: YHOO RIMM ^DJI IBM JNS ^GSPC JCP MANU ^IXIC NVDA

Chipmaker Nvidia(NVDA) topped analysts' expectations on the top and bottom lines in its second quarter. The results were driven by mobile computing, particularly the booming tablet market, according to Nvidia CEO Jen-Hsun Huang. Shares fell 0.5%.

Japanese insurer Dai-ichi Life said Friday it agreed to acquire up to 20% of Janus Capital(JNS) , the U.S. asset manager.

Janus shares popped 10%.

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-- Written by Andrea Tse in New York.

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