The markets recovered during the midday with the Dow rising 34 points to 16,578 as investors monitored earnings news. Nasdaq gained 22 points to 4,298.
On the upside
A Puerto Rico judged sided with Doral Financial (NYSE: DRL) in its ongoing tax dispute with the Puerto Rico Treasury Department.
Brazilian pro business presidential candidate Aecio Neves was endorsed by third place candidate Marina Silva. Shares of Petrobras (NYSE: PBR) climbed.
A nurse who treated Dallas Ebola patient Thomas E. Duncan tested positive for Ebola. Investors continued to snap up shares of hazmat suit maker Lakeland Industries (Nasdaq: LAKE).
On the downside
Aerohive Networks (NYSE: HIVE) lowered its third quarter revenue outlook and warned of greater than expected losses.
Halcon Resources (NYSE: HK) will release third quarter earnings after market close on Monday, November 10, 2014.
Bloomberg reported that Silver Lake abandoned plans to buy Shutterfly (Nasdaq: SFLY).
In the broad market, advancing issues outpaced decliners by a margin of 4 to 3 on the NYSE and by nearly 5 to 3 on Nasdaq. The broader S&P 500 added 3 points to 1909. Bitcoin slipped $2 to $374.
Markets recover at midday
October 13, 2014 at 13:46 PM EDT