The markets advanced during the midday with the Dow gaining 33 points to 12,612 as mortgage rates dropped to a new low. Nasdaq climbed 21 points to 2791.
On the upside
Third quarter earnings and revenue surged for 8x8 (Nasdaq: EGHT) to top analyst expectations.
Alcatel-Lucent (NYSE: ALU) partnered with Arbor Networks to offer a solution to distributed denial of service attacks.
Morgan Stanley upgraded UBS (NYSE: UBS) to an Overweight rating.
On the downside
Investors locked in profits of JA Solar (Nasdaq: JASO) and Suntech Power Holdings (NYSE: STP), whose stock prices soared recently over expectations of a solar rebound.
The TUV Rheinland Group granted Yingli Green Energy (NYSE: NAT) Product Carbon Footprint Verification for its multi-crystalline and mono-crystalline PV modules but the stock price fell.
BankUnited (NYSE: BKU) will no longer pursue suitors and will remain an independent company.
In the broad market, advancing issues outpaced decliners by a margin of more than 2 to 1 on the NYSE and by more than 7 to 5 on Nasdaq. The Russell 2000 which tracks small cap stocks rose 3 points to 782.