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.