Markets advance on economic data

The markets advanced during the midday with the Dow rising 57 points to 16,600 on upbeat economic data. Nasdaq climbed 25 points to 4,180.

On the upside

LiveDeal (Nasdaq: LIVE) has nearly $10 million in cash to continue growing the company through acquisitions.

ZIOPHARM Oncology (Nasdaq: ZIOP) presented positive results from using Ad-RTS-IL-12 against cancer stem cells in the brain.

Shares of Parsley Energy (NYSE: PE) surged in its market debut.

On the downside

Stifel Nicolaus downgraded RetailMeNot (Nasdaq: SALE) from a Buy rating to a Hold rating.

Profit taking sank shares of Atossa Genetics (Nasdaq: ATOS).

NewLead Holdings (Nasdaq: NEWL) extended its losses.

In the broad market, advancing issues outpaced decliners by a margin of more than 5 to 3 on the NYSE and by nearly 5 to 2 on Nasdaq. The broader S&P 500 rose 7 points to 1899. Bitcoin slipped $1.19 or 0.23% to $519.20.

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