Markets higher on jump in durable goods orders

The markets traded higher during the midday with the Dow rising 46 points to 17,123 over a record jump in durable goods orders. Nasdaq gained 10 points to 4567.

On the upside

Digital Ally (Nasdaq: DGLY) stock climbed for the fourth day in a row.

A Bloomberg report that China may invest $16 billion to build electric vehicle charging stations lifted shares of Kandi Technologies (Nasdaq: KNDI).

Shares of Image Sensing Systems (Nasdaq: ISNS), which makes image processing products for traffic management systems, climbed as tensions in Ferguson, Missouri continued two and a half weeks after the fatal shooting of Michael Brown.

On the downside

Adept Technology (Nasdaq: ADEP) widened losses for the fourth quarter.

Doral Financial (NYSE: DRL) failed to settle tax claims against the Treasury Department of Puerto Rico.

Sanderson Farms (Nasdaq: SAFM) reported higher third quarter earnings and revenue but the results fell short of analyst expectations.

In the broad market, advancing issues outpaced decliners by a margin of 2 to 1 on the NYSE and by more than 5 to 3 on Nasdaq. The broader S&P 500 rose 3 points to 2001. Bitcoin gained $9 to $512.

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