Upbeat Earnings Lifts Markets
The markets advanced during the midday with the Dow gaining 53 points to 12,868 on upbeat earnings news. Nasdaq added 2 points to 2906.
On the upside
Clean Energy Fuels (Nasdaq: CLNE) will buy two General Electric (NYSE: GE) MicroLNG plants to liquify natural gas for fueling stations.
Bargain hunters snapped up shares of Halcon Resources (NYSE: HK) whose stock price fell last week after posting a loss for the third quarter.
Dick's Sporting Goods (NYSE: DKS) reported higher third quarter earnings that topped analyst estimates. On the downside
Hi-Crush Partners (NYSE: HCLP) filed suit against Baker Hughes (NYSE: BHI) for wrongful termination of a supply agreement.
AECOM (NYSE: ACM) blamed an impairment charge for falling to a larger than expected loss for the fourth quarter.
Jaguar Mining (NYSE: JAG) reported a loss for the third quarter as sales plunged.
In the broad market, advancing issues outpaced decliners by a margin of more than 10 to 9 on the NYSE and by nearly 10 to 9 on Nasdaq. The Russell 2000 which tracks small cap stocks added a point to 795.
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