Markets Rise As Jobless Claims Drop

The markets advanced during the midday with the Dow rising 18 points to 15,123 as investors welcomed a drop in first time applications for unemployment benefits. Nasdaq gained 9 points to 3423.

On the upside

Shares of Affymax (Nasdaq: AFFY) continued rising after a Seeking Alpha contributor expressed confidence that the biopharmaceutical would successfully address safety concerns of its anemia drug Omontys.

Tesla Motors (Nasdaq: TSLA) reported a profit for the very first time to surpass analyst expectations by a wide margin. Also, Consumer Reports rated the Model S a near perfect score of 99 out of 100 International (Nasdaq: CTRP) reported lower first quarter earnings but the results were better than expected.

On the downside

McDermott (NYSE: MDR) disappointed with sharply lower first quarter earnings that fell short of analyst expectations.

Pizza Inn (Nasdaq:PZZI) fell to a loss for the third quarter as revenue slipped.

SS&C Technologies (Nasdaq: SSNC) priced its public secondary offering of 7.5 million common shares at the discounted price of $32.20 per share.

In the broad market, declining issues outpaced advancers by a margin of 10 to 9 on both the NYSE and on Nasdaq. The broader S&P 500 index held steady at 1632.

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