Increasing stimulus measures by the Bank of Japan sent the markets soaring to a sharply higher close with the Dow rocketing 195 points to 17,390. Nasdaq jumped 64 points to 4,630.
On the upside
YRC Worldwide (Nasdaq: YRCW) swung to a greater than expected profit for the third quarter prompting an upgrade.
Mercadolibre (Nasdaq: MELI) reported higher third quarter earnings and revenue that surpassed analyst expectations.
Brightcove (Nasdaq: BCOV) reported a narrower than expected loss for the third quarter.
On the downside
Audience (Nasdaq: ADNC) widened third quarter losses and forecast current quarter results below estimates.
Moneygram International (Nasdaq: MGI) fell to a larger than expected loss for the third quarter.
Bottomline Technologies (Nasdaq: EPAY) reported a loss for the first quarter.
In the broad market, advancing issues outpaced decliners by a margin of nearly 7 to 2 on the NYSE and by nearly 7 to 3 on Nasdaq. The broader S&P 500 soared 23 points to 2018. Bitcoin fell $10 to $337.
Markets rocket higher as Bank of Japan increases stimulus
October 31, 2014 at 19:03 PM EDT