Strong Tech Earnings Lift Markets

The markets opened higher with the Dow rising 21 points to 15,530 on upbeat earnings from the technology sector. Nasdaq gained 16 points to 3945.

On the upside

Zynga (Nasdaq: ZNGA) reported a narrower than expected loss for the third quarter and forecast a profit for the full year.

Career Education (Nasdaq: CECO) will sell its European properties for approximately $276.5 million in cash.

Amazon (Nasdaq: AMZN) narrowed losses for the third quarter as revenue soared.


On the downside


Third quarter earnings fell for Sirius (Nasdaq: SIRI) to miss analyst expectations.

Healthways (Nasdaq: HWAY) disappointed with sharply lower third quarter earnings that fell short of expectations prompting the company to cut its full year guidance.

Qlik Technologies (Nasdaq: QLIK) reported higher third quarter earnings but revenue missed expectations and the company cut its full year earnings and revenue forecast.

In the broad market, advancing issues outpaced decliners by a margin of 10 to 9 on the NYSE and by nearly 5 to 4 on Nasdaq. The broader S&P 500 added 2 points to 1754.

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