Despite falling sales of new homes, the markets traded higher during the midday as investors await the Federal Reserve's rate decision. The Dow climbed 73 points to 11,880 while Nasdaq leaped 40 points to 2408.
On the upside
On the downsideLCA-Vision (Nasdaq: LCAV) warned that the volume of procedures in the second quarter will most likely drop by 40% as regulators seek to clarify risks associated with LASIK.
In the broad market, advancing issues outpaced decliners by a margin of nearly 3 to 1 on the NYSE and by nearly 5 to 2 on Nasdaq. The Russell 2000 which tracks small cap stocks climbed 10 points to 718.