Mid-Day Report

Stronger than expected growth in the third quarter lifted the markets higher during the midday with the Dow climbing 56 points to 13,848. Nasdaq soared 20 points to 2837.

On the upside

First Consulting Group (Nasdaq: FCGI) agreed to be acquired by Computer Sciences for approximately $352.3 million.

Strong sales growth lifted second quarter earnings higher for McKesson (NYSE: MCK) to beat expectations.

Newmont Mining (NYSE: NEM) reported third quarter earnings that doubled due to one time gains.

On the downside

Although Buffalo Wild Wings (Nasdaq: BWLD) reported higher third quarter earnings, the results fell short of expectations.

Omnicare (NYSE: OCR) blamed lower reimbursement rates for a drop in third quarter earnings.

Third quarter earnings fell for Lincoln Financial (NYSE: LNC) due to lower sales of fixed rate annuities.

In the broad market, advancing issues outpaced decliners by a margin of more than 2 to 1 on the NYSE and by a margin of 9 to 7 on Nasdaq. The Russell 2000 which tracks small cap stocks added 4 points to 820.

Related Stocks:
Stock Market XML and JSON Data API provided by FinancialContent Services, Inc.
Nasdaq quotes delayed at least 15 minutes, all others at least 20 minutes.
Markets are closed on certain holidays. Stock Market Holiday List
By accessing this page, you agree to the following
Privacy Policy and Terms and Conditions.
Press Release Service provided by PRConnect.
Stock quotes supplied by Six Financial
Postage Rates Bots go here