GDP Revised Upward, Markets Advance
The nation's economy expanded in the second quarter at a greater rate than previously reported to lift the markets higher during the midday with the Dow rising 27 points to 13,130. Nasdaq gained 6 points to 3084.
On the upside
Sealed Air (NYSE: SEE) announced that Jerome Peribere will succeed chief executive William Hickey upon his retirement in March 2013.
The lockup period expired for Yelp (NYSE: YELP).
A British supplier completed its stocking orders to MAKO Surgical (Nasdaq: MAKO).
On the downside
ArQule's (Nasdaq: ARQL) Japanese development partner halted clinical trials of its lung cancer treatment citing safety concerns. Barclays Equity Research slashed its price target on Baidu (Nasdaq: BIDU) to $153 from $189.
Pacific Crest lowered its estimates for First Solar (Nasdaq: FSLR).
In the broad market, advancing issues outpaced decliners by a margin of nearly 2 to 1 on the NYSE and by more than 5 to 3 on Nasdaq. The Russell 2000 which tracks small cap stocks climbed 5 points to 819.
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