The markets advanced during the midday with the Dow soaring 102 points to 15,670 even as September retail sales edged down. Nasdaq rose 9 points to 3949.
On the upside
Reports circulated that Apple (Nasdaq: AAPL) removed NQ Mobile's (NYSE: NQ) games from its App Store but the stock price rose.
Xylem (NYSE: XYL) reported higher third quarter earnings and revenue that beat analyst expectations and lifted its full year outlook.
Nutrisystem (Nasdaq: NTRI) reported lower third quarter earnings due to one-time charges but the results were better than expected.
On the downside
American Capital Agency (Nasdaq: AGNC) reported lower third quarter earnings that missed expectations by a wide margin.
Third quarter earnings edged up for Cummins (NYSE: CMI) but the results fell far short of analyst expectations and the company warned of lower full year revenue.
UBS (NYSE: SANM) warned that earnings may fall short of previous guidance due to regulatory requirements that the company set aside additional capital for potential legal expenses.
In the broad market, advancing issues outpaced decliners by a margin of nearly 10 to 9 on the NYSE while decliners edged out advancers by nearly 10 to 9 on Nasdaq. The broader S&P 500 gained 8 points to 1770.
