October 18, 2013 at 18:17 PM EDT
Higher Close On Strong Earnings

Strong earnings lifted the markets to a higher close with the Dow gaining 28 points to 15,399. Nasdaq surged 51 points to 3914.

On the upside

Athenahealth (Nasdaq: ATHN) reported lower third quarter earnings but revenue surged and the electronic health record services provider added a record number of physicians to its cloud based services.

An arbitrator ruled that Valeant Pharmaceuticals (NYSE: VRX) must pay Anacor Pharmaceuticals (Nasdaq: ANAC) $100 million for a contract breach.

Chipotle Mexican Grill (NYSE: CMG) reported higher third quarter earnings as revenue rose.


On the downside


The Food and Drug Administration rejected the New Drug Application for pSivida's (Nasdaq: PSDV) Iluvien.

J. C. Penney (NYSE: JCP) will open on Thanksgiving evening at 8pm for the start of the holiday shopping season.

A Seeking Alpha contributor wrote that Opko Health (Nasdaq: OPK) was worth very little.

In the broad market, advancing issues outpaced decliners by a margin of 5 to 2 on the NYSE and by more than 2 to 1 on Nasdaq. The broader S&P 500 climbed 11 points to 1744.

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