Tech Earnings Lift Markets

Upbeat earnings in the technology sector lifted the markets to a higher close with the Dow gaining 61 points to 15,570. Nasdaq rose 14 points to 3943.

On the upside

The Food and Drug Administration approved Zogenix's (Nasdaq: ZGNX) pain medication Zohydro.

Cabot Oil & Gas (NYSE: COG) reported sharply higher third quarter earnings as production soared.

Lattice Semiconductor (Nasdaq: LSCC) reversed year ago losses to post a profit for the third quarter as revenue climbed.

On the downside

Shares of NQ Mobile (NYSE: NQ) continued falling after Muddy Waters claimed that the company was a fraud.

ResMed (NYSE: RMD) reported higher first quarter earnings but the results missed expectations.

Third quarter earnings rose for NCR (NYSE: NCR) but revenue fell short of analyst estimates.

In the broad market, advancing issues outpaced decliners by a margin of nearly 7 to 5 on the NYSE while decliners edged out advancers by more than 10 to 9 on Nasdaq. The broader S&P 500 rose 7 points to 1759.

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