Upbeat Earnings Lifts Markets Higher At Midday
Investors welcomed upbeat earnings news by lifting the markets higher during the midday with the Dow climbing 64 points to 13,777. Nasdaq rose 9 points to 3153.
On the upside
KB Home (NYSE: KBH) reported sharply higher new orders prompting an upgrade.
National Traders Association issued a research report on Keryx Biopharmaceuticals (NYSE: KERX) saying that upcoming marketing approval for the company's kidney disease treatment Zerenex will improve company outlook.
Fourth quarter earnings rose for IBM (NYSE: IBM) to top analyst estimates.
On the downside
TheStreet reported that Star Scientific (Nasdaq: STSI) deceived investors by implying that John Hopkins was involved in one of its clinical tests. Tata Motors (NYSE: TATA) reported that growth slowed at its Jaguar Land Rover division.
Profit taking sank shares of Synovus Financial (NYSE: SNV).
In the broad market, declining issues outpaced advancers by a margin of nearly 5 to 4 on the NYSE and by more than 9 to 7 on Nasdaq. The broader S&P 500 index added a point to 1493.
Stock Market XML and JSON Data API provided by FinancialContent Services, Inc.
Nasdaq quotes delayed at least 15 minutes, all others at least 20 minutes.
Markets are closed on certain holidays. Stock Market Holiday List
By accessing this page, you agree to the following
Privacy Policy and Terms and Conditions.
Press Release Service provided by PRConnect.
Stock quotes supplied by Six Financial
Postage Rates Bots go here