Financial News

Markets recover at midday

The markets recovered during the midday with the Dow rising 34 points to 16,578 as investors monitored earnings news. Nasdaq gained 22 points to 4,298.

On the upside

A Puerto Rico judged sided with Doral Financial (NYSE: DRL) in its ongoing tax dispute with the Puerto Rico Treasury Department.

Brazilian pro business presidential candidate Aecio Neves was endorsed by third place candidate Marina Silva. Shares of Petrobras (NYSE: PBR) climbed.

A nurse who treated Dallas Ebola patient Thomas E. Duncan tested positive for Ebola. Investors continued to snap up shares of hazmat suit maker Lakeland Industries (Nasdaq: LAKE).

On the downside

Aerohive Networks (NYSE: HIVE) lowered its third quarter revenue outlook and warned of greater than expected losses.

Halcon Resources (NYSE: HK) will release third quarter earnings after market close on Monday, November 10, 2014.

Bloomberg reported that Silver Lake abandoned plans to buy Shutterfly (Nasdaq: SFLY).

In the broad market, advancing issues outpaced decliners by a margin of 4 to 3 on the NYSE and by nearly 5 to 3 on Nasdaq. The broader S&P 500 added 3 points to 1909. Bitcoin slipped $2 to $374.
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