The markets traded higher during the midday with the Dow rising 15 points to 17,147 as investors monitored earnings. Nasdaq added 2 points to 4,841.
On the upside
Yadkin (Nasdaq: YDKN) will acquire NewBridge (Nasdaq: NBBC) in an all stock transaction valued at approximately $456 million.
Lattice Semiconductor (Nasdaq: LSCC) will host its third quarter financial results conference call on Thursday, October 29.
Twitter (NYSE: TWTR) will eliminate approximately 8% of its employees.
On the downside
Bloomberg reported that Zafgen (Nasdaq: ZFGN) cancelled a roadshow that was scheduled for today and an investor dinner tomorrow night.
SunCoke Energy (NYSE: SXC) extended its losses.
SkyWest (Nasdaq: SKYW) reported a drop in September block hours.
In the broad market, declining issues outpaced advancers by a margin of 10 to 9 on the NYSE and by nearly 10 to 9 on Nasdaq. The broader S&P 500 held steady at 2,017. Bitcoin rose $3 to $247.
