Higher Open Over Black Friday Optimism

Early reports of strong Black Friday sales lifted the markets to a higher open with the Dow climbing 57 points to 16,155. Nasdaq gained 18 points to 4063.

On the upside

Zoom Technologies (Nasdaq: ZOOM) will acquire Beijing Baifen Tonglian Information & Technology Co.

Bargain hunters lifted shares of InterCloud Systems (Nasdaq: ICLD).

Motley Fool named Ariad Pharmaceuticals (Nasdaq: ARIA) as one of three Black Friday biotech bargains.


On the downside


Fortinet (Nasdaq: FTNT) chief financial officer Ahmed Rubaie will depart the company December 5, 2013 to be replaced on an interim basis by Nancy Bush.

Renren (NYSE: RENN) widened losses for the third quarter as revenue fell and the company forecast current quarter revenue below estimates prompting a downgrade.

Investors locked in profits on Zalicus (Nasdaq: ZLCS).

In the broad market, advancing issues outpaced decliners by a margin of more than 5 to 3 on the NYSE and by more than 2 to 1 on Nasdaq. The broader S&P 500 added 5 points to 1812. Bitcoin slipped $5.93 or 0.51% to $1,169.17.

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