The markets traded higher during the midday with the Dow gaining 40 points to 17,570. Nasdaq climbed 34 points to 4,750.
On the upside
Great Basin Scientific (Nasdaq: GBSN) initiated a clinical trial for its Bordatella Direct Test to detect the Bordatella pertussis bacterium.
Shares of Neothetics (Nasdaq: NEOT) continued climbing.
Hercules Offshore (Nasdaq: HERO) stock rose for the fourth day in a row.
On the downside
Investors locked in profits on Carbylan Therapeutics (Nasdaq: CBYL).
Profit taking weighed down shares of Top Image Systems (Nasdaq: TISA).
Acxiom (Nasdaq: ACXM) narrowed losses for the fourth quarter but the company forecast full year results below expectations.
In the broad market, declining issues outpaced advancers by a margin of 10 to 9 on the NYSE while advancers edged out decliners by a margin of nearly 5 to 3 on Nasdaq. The broader S&P 500 gained 6 points to 2,054. Bitcoin added $1 to $454.
Markets rise at midday
May 18, 2016 at 12:53 PM EDT