The markets advanced during the midday with the Dow adding 12 points to 17,891 as the nation's service sector expanded. Nasdaq rose 8 points to 4,763.
On the upside
J2 Global offered a premium of $15 per share in cash to acquire Carbonite (Nasdaq: CARB).
GasLog (NYSE: GLOG) will increase its fleet to 40 vessels by 2017.
Bargain hunters lifted shares of Energy XXI (Nasdaq: EXXI).
On the downside
Second quarter revenue fell short of analyst expectations for Bob Evans Farms (Nasdaq: BOBE) prompting a downgrade.
Investors locked in profits on Digital Ally (Nasdaq: DGLY).
Puma Biotechnology (NYSE: PBYI) must delay submitting the New Drug Application for its breast cancer treatment neratinib until 2016.
In the broad market, advancing issues outpaced decliners by a margin of nearly 7 to 3 on the NYSE and by more than 5 to 3 on Nasdaq. The broader S&P 500 rose 4 points to 2070. Bitcoin slipped $2 to $374.
Expansion of service sector lifts markets
December 03, 2014 at 13:00 PM EST