Upbeat earnings boost markets

Upbeat earnings sent the markets soaring to a sharply higher close with the Dow jumping 216 points to 16,677. Nasdaq surged 69 points to 4,452.

On the upside

American Airlines (NYSE: AAL) reported sharply higher third quarter earnings that topped analyst estimates.

Celator Pharmaceuticals (Nasdaq: CPXX) priced its offering of more than 6.6 million common shares and warrants at $1.95 per unit.

Reports that a doctor in New York may have Ebola lifted shares of Lakeland Industries (Nasdaq: LAKE).

On the downside

JAKKS Pacific (Nasdaq: JAKK) reported higher third quarter earnings and revenue but the stock price fell.

IPC The Hospitalist Company (Nasdaq: IPCM) disappointed with lower third quarter earnings that fell short of analyst expectations prompting the company to lower its full year forecast.

Third quarter earnings and revenue rose for Proto Labs (NYSE: PRLB) but the results missed estimates.

In the broad market, advancing issues outpaced decliners by a margin of more than 3 to 1 on the NYSE and by more than 5 to 2 on Nasdaq. The broader S&P 500 surged 23 points to 1950. Bitcoin dropped $20 to $359.
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