After three days of triple digit losses, bargain hunters lifted the markets to a higher open with the Dow rising 39 points to 16,360. Nasdaq gained 14 points to 4,227.
On the upside
ChinaNet Online Holdings (Nasdaq: CNET) introduced a Zero Down Payment Loan product.
Skyworks Solutions (Nasdaq: SWKS) lifted its fourth quarter earnings and revenue guidance.
Goodrich Petroleum (Nasdaq: GDP) will present at the 8th Annual Canaccord Genuity Global Resources Conference on Thursday, October 16, 2014.
On the downside
Investors locked in profits on Nanosphere (Nasdaq: NSPH).
Profit taking weighed down shares of Lakeland Industries (Nasdaq: LAKE).
Investors took profits on NewLink Genetics (Nasdaq: NLNK).
In the broad market, advancing issues outpaced decliners by a margin of nearly 7 to 2 on the NYSE and by more than 4 to 1 on Nasdaq. The broader S&P 500 rose 5 points to 1880. Bitcoin added $7 to $397.
Bargain hunters lift markets
October 14, 2014 at 10:43 AM EDT