A greater than expected gain in October home prices lifted the markets during the midday with the Dow leaping 163 points to 17,691. Nasdaq surged 52 points to 5,093.
On the upside
Triumph Group (NYSE: TGI) appointed Daniel J. Crowley to the position of president and chief executive officer.
Auris Medical (Nasdaq: EARS) extended its gains.
Rebounding crude oil prices lifted shares of Chesapeake Energy (NYSE: CHK).
On the downside
JPMorgan downgraded Chimerix (Nasdaq: CMRX) from an Overweight rating to a Neutral rating and slashed its price target from $62 to $12.
Great Basin Scientific (Nasdaq: GBSN) entered an agreement with investors to purchase $20.5 million in senior convertible notes.
Investors locked in profits on Rovi (Nasdaq: ROVI).
In the broad market, advancing issues outpaced decliners by a margin of nearly 2 to 1 on the NYSE and by nearly 3 to 2 on Nasdaq. The broader S&P 500 surged 18 points to 2,074. Bitcoin gained $10 to $431.
