The markets advanced during the midday with the Dow climbing 77 points to 16,437 as jobless claims dropped more than expected. Nasdaq added 3 points to 4361.
On the upside
Energy Recovery (Nasdaq: ERII) reversed year ago losses to post a better than expected profit for the fourth quarter as revenue surged.
Infosonics (Nasdaq: IFON) swung to a profit for the fourth quarter as revenue soared.
Yingli Green Energy (NYSE: YGE) received the Barbarian at the Gate designation from Trade-Ideas.
On the downside
Brower Piven filed a class action lawsuit against Galena Biopharma (Nasdaq: GALE) alleging securities violations.
Investors locked in profits on xG Technology (Nasdaq: XGTI).
Fourth quarter earnings tumbled for AirMedia (Nasdaq: AMCN) as revenue slipped.
In the broad market, advancing issues outpaced decliners by a margin of 5 to 3 on the NYSE and by more than 9 to 7 on Nasdaq. The broader S&P 500 rose 5 points to 1879. Bitcoin slipped $9.90 or 1.50% to $649.52.