The markets recovered early morning loses to trade higher during the midday with the Dow gaining 47 points to 17,116 as the nation's unemployment rate slipped to 6.1% in August. Nasdaq rose 11 points to 4,573.
On the upside
Ivanhoe Energy (Nasdaq: IVAN) regained compliance with the Nasdaq minimum bid price rule earlier this week.
WPCS International (Nasdaq: WPCS) regained compliance with the $1 per share minimum price for ten consecutive days rule for Nasdaq listing.
Bargain hunters lifted shares of Mobileye (NYSE: MBLY).
On the downside
Recro Pharma (Nasdaq: REPH) will end a Phase IIb trial of its post-operational pain medication Dex-IN due to disappointing results.
Investors locked in profits on Achillion Pharmaceuticals (Nasdaq: ACHN).
Zumiez (Nasdaq: ZUMZ) reported higher second quarter earnings and revenue but the company forecast current quarter earnings below expectations.
In the broad market, advancing issues outpaced decliners by a margin of nearly 7 to 5 on the NYSE while decliners edged out advancers by nearly 10 to 9 on Nasdaq. The broader S&P 500 rose 6 points to 2004. Bitcoin fell $9 to $479.
Unemployment rate slips, markets advance
September 05, 2014 at 15:23 PM EDT