Markets advance on lower jobless claims

The markets advanced during the midday with the Dow gaining 28 points to 17,840 as jobless claims fell more than expected. Nasdaq rose18 points to 5,121.

On the upside

Broad Street Alerts noted that Genetic Technologies (Nasdaq: GENE) was one of four emerging biotechnology stocks with fundamental strength.

Bargain hunters lifted shares of Macrocure (Nasdaq: MCUR).

Shares of Bon-Ton Stores (Nasdaq: BONT) extended its gains.

On the downside

UBS downgraded TerraForm Power (Nasdaq: TERP) from a Neutral rating to a Sell rating.

UBS analyst Julien Dumoulin-Smith downgraded SunEdison (NYSE: SUNE) from a Neutral rating to a Sell rating.

Profit taking weighed down shares of Voltari (Nasdaq: VLTC).

In the broad market, advancing issues outpaced decliners by a margin of nearly 5 to 3 on the NYSE and by more than 2 to 1 on Nasdaq. The broader S&P 500 rose 3 points to 2,092. Bitcoin gained $5 to $324.

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