Markets Advance With Unemployment Rate At 4-Year Low

The markets advanced during the midday with the Dow climbing 46 points to 14,375 as the nation's unemployment rate fell to a four year low. Nasdaq rose 7 points to 3240.

On the upside

H&R Block (NYSE: HRB) widened third quarter losses due to a delay in the tax season but the tax preparation company expects filings to increase.


A Seeking Alpha contributor expects Peregrine Pharmaceuticals' (Nasdaq: PPHM) stock price to rise.


A Seeking Alpha article said that MannKind (Nasdaq: MNKD) had the potential to be the best performing stock of the year.


On the downside


Finisar (Nasdaq: FNSR) widened losses for the third quarter.


Foot Locker (NYSE: FL) reported higher fourth quarter earnings due to an extra week in the quarter but the stock price fell as expenses increased.


Quicksilver (NYSE: ZQK) widened first quarter losses more than expected as revenue fell.

In the broad market, advancing issues outpaced decliners by a margin of nearly 5 to 3 on the NYSE and by more than 5 to 3 on Nasdaq. The broader S&P 500 index rose 4 points to 1548.

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