Upbeat earnings lifted the markets to a higher close with the Dow soaring 109 points to 13,676. Nasdaq leaped 45 points to 2799.
On the upside
Third quarter earnings more than doubled for Millicom International (Nasdaq: MICC) as subscriber numbers surged.
Netflix (Nasdaq: NFLX) reported higher third quarter earnings that surpassed expectations and lifted its fourth quarter outlook.
Better than expected advertising revenue lifted third quarter earnings for New York Times (NYSE: NYT).
On the downside
Ultra Clean Holdings (Nasdaq: UCTT) blamed weak demand for drop in third quarter earnings and warned that fourth quarter results will fall short of expectations.
Third quarter revenue fell for Unisys (NYSE: UIS) as restructuring efforts slowed.
Lexmark International (NYSE: LXK) blamed weak sales for sharply lower third quarter earnings.
In the broad market, advancing issues outpaced decliners by a margin of mroe than 2 to 1 on the NYSE and by a margin of nearly 5 to 3 on Nasdaq. The Russell 2000 which tracks small cap stocks climbed 8 points to 819.