Markets Advance On Strong Jobs Data
The markets traded higher during the midday with the Dow gaining 57 points to 13,632 as more jobs than expected were added in September. Nasdaq added 2 points to 3151.
On the upside
Roth Capital lifted its price target on Sunesis Pharmaceuticals (Nasdaq: SNSS) to $12.00 from $7.00.
Cemex (NYSE: CX) priced its senior secured notes.
Goldman Sachs analyst Alex Ovshey upgraded Owens-Illinois (NYSE: OI) to a Buy rating and lifted his price target from $20 to $28.
On the downside
TheStreet Ratings affirmed its Hold rating on Green Mountain Coffee Roasters (Nasdaq: GMCR).
Arbor Realty Trust (NYSE: ABR) priced its public offering of 3.5 million common shares at the discounted price of $5.80 per share.
Maricopa County demanded that Office Depot (NYSE: ODP) return approximately $5.3 million in overcharges for office supplies.
In the broad market, advancing issues outpaced decliners by a margin of nearly 5 to 2 on the NYSE and by nearly 5 to 3 on Nasdaq. The Russell 2000 which tracks small cap stocks rose 4 points to 848.
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