Concerns about the global markets were tempered by the Commerce Department’s report that the nation’s economy expanded by a greater than expected 2.1% rate in the third quarter. The markets traded mixed during the midday with the Dow rising 6 points to 17,799 while Nasdaq lost 15 points to 5,086.
On the upside
SunEdison (NYSE: SUNE) will sell to TerraForm Global (Nasdaq: GLBL) solar projects in India that will generate 425 megawatts of capacity.
Petrobras (NYSE: PBR) narrowed losses for the third quarter.
Bargain hunters lifted shares of Clovis Oncology (Nasdaq: CLVS).
On the downside
Profit taking weighed down shares of Macrocure (Nasdaq: MCUR).
A patient being treated with Aduro Biotech’s (Nasdaq: ADRO) CRS-207 developed listeriosis.
Investors locked in profits on KaloBios Pharmaceuticals (Nasdaq: KBIO).
In the broad market, declining issues outpaced advancers by a margin of nearly 10 to 9 on the NYSE and by more than 10 to 9 on Nasdaq. The broader S&P 500 slipped 2 points to 2,084. Bitcoin eased a fraction to $320.
