Higher Close Despite Nasdaq Outage

Despite a 3 hour outage at Nasdaq, the markets closed higher with the Dow gaining 66 points to 14,963 over upbeat global economic data. Nasdaq climbed 38 points to 3638.

On the upside

Magnum Hunter (NYSE: MHR) continued rising after reporting proved, probable and possible reserves yesterday.

Nomura Securities upgraded Microsoft (Nasdaq: MSFT) from a Neutral rating to a Buy rating.

Yahoo (Nasdaq: YHOO) had more unique Web visitors in July than Google (Nasdaq: GOOG).

On the downside

LightInTheBox (NYSE: LITB) continued falling after reporting disappointing results Monday after market close.

Noah Holdings (NYSE: NOAH) reported sharply higher second quarter earnings and revenue but the stock price fell on news that the company replaced its chief financial officer.

Second quarter earnings fell for Stage Stores (NYSE: SSI) to miss analyst expectations.

In the broad market, advancing issues outpaced decliners by a margin of more than 4 to 1 on the NYSE and by nearly 4 to 1 on Nasdaq. The broader S&P 500 climbed 14 points to 1656.

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