Dow Tops 16,000

The markets extended it gains during the midday with the Dow climbing 54 points to 16,016 over optimism that the Federal Reserve will continue its bond buying policy under the leadership of chair nominee Janet Yellen. Nasdaq edged up a point to 3987.

On the upside

A Seeking Alpha contributor noted that insiders have purchased over 5 million shares of Synta Pharmaceuticals (Nasdaq: SNTA) stock in November.

3D Systems (NYSE: DDD) was named a Momo Momentum stock by Trade-Ideas.

Shares of Voxeljet (NYSE: VJET) continued rising after the 3D printer company reported a quarterly profit last week.

On the downside

Shares of Gogo (Nasdaq: GOGO) extended its losses after Morgan Stanley downgraded the stock last week.

Tesla (Nasdaq: TSLA) has engaged in discussions with LG Chem and Samsung SDI to provide batteries for its electric vehicles but development of a proper battery would take several years.

Investors locked in profits on Yelp (NYSE: YELP).

In the broad market, advancing issues outpaced decliners by a margin of more than 10 to 9 on the NYSE and by nearly 5 to 4 on Nasdaq. The broader S&P 500 added a point to 1799.

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