The markets traded higher during the midday with the Dow rising 17 points to 17,835 as the nation's economic growth estimate for the third quarter was revised upward. Nasdaq added 4 points to 4,759.
On the upside
Lakeland Industries (Nasdaq: LAKE) will report third quarter earnings on Wednesday, December 10, 2014 after market close.
Daily Mail reported that Facebook's (Nasdaq: FB) new professional social networking site Facebook at Work will launch in January without advertisements.
Third quarter earnings and revenue surged for iDreamSky Technology (Nasdaq: DSKY) .
On the downside
Jarden (NYSE: JAH) completed its 3-for-2 stock split.
Profit taking weighed down shares of Geron (Nasdaq: GERN).
Wunderlich Securities downgraded Brocade Communications Systems (Nasdaq: BRCD) from a Buy rating to a Hold rating.
In the broad market, advancing issues outpaced decliners by a margin of nearly 5 to 4 on the NYSE while advancers barely edged out decliners by a slim margin on Nasdaq. The broader S&P 500 edged up a fraction to 2070. Bitcoin held steady at $377.
Markets rise as GDP revised upward
November 25, 2014 at 13:15 PM EST