The markets advanced during the midday with the Dow climbing 83 points to 16,262 after the nation's third quarter gross domestic product was revised upward to 4.1% from 2.8%. Nasdaq soared 42 points to 4100.
On the upside
Ariad Pharmaceuticals (Nasdaq: ARIA) will resume marketing and sales of its leukemia treatment Iclusig with revised warnings.
BlackBerry (Nasdaq: BBRY) fell to a loss for the third quarter but the company announced a five year manufacturing agreement with Foxxconn Group and expects to be profitable in 2016.
Oracle (Nasdaq: ORCL) will pay a premium of approximately $1.39 billion to acquire Responsys (Nasdaq: MKTG).
On the downside
Shares of Rite Aid (NYSE: RAD) continued falling after lowering its full year earnings outlook yesterday.
Swift Transportation (NYSE: SWFT) cut its fourth quarter earnings guidance
Peabody Energy (NYSE: BTU) blamed delays at the North Goonyella Mine for lowering its full year earnings forecast.
In the broad market, advancing issues outpaced decliners by a margin of more than 5 to 2 on both the NYSE and on Nasdaq. The broader S&P 500 climbed 10 points to 1820. Bitcoin gained $29.90 or 4.22% to $738.20.
