Drop In Unemployment Rate Lifts Markets

The markets closed higher with the Dow climbing 75 points to 15,467 as the nation's unemployment rate unexpectedly dropped. Nasdaq rose 9 points to 3929.

On the upside

Bargain hunters lifted shares of Ariad Pharmaceuticals (Nasdaq: ARIA) .

Illumina (Nasdaq: ILMN) reported higher third quarter earnings and revenue that beat analyst expectations.

Speculation that aluminum prices will rise lifted shares of Alcoa (NYSE: AA) and Century Aluminum (Nasdaq: CENX).

On the downside

Shares of Netflix (NYSE: NFLX) plunged in late afternoon trading despite reporting sharply higher third quarter earnings that beat analyst expectations as analysts and chief executive Reed Hastings questioned the soaring stock price.

Pretium Resources (Nasdaq: PVG) reported preliminary processing results from an excavation of the Valley of Kings Bulk Sample Program.

Goldman Sachs downgraded Forest Oil (NYSE: FST) from a Neutral rating to a Sell rating.

In the broad market, advancing issues outpaced decliners by a margin of more than 5 to 2 on the NYSE and by nearly 5 to 4 on Nasdaq. The broader S&P 500 gained 10 points to 1754.

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