Unexpected Drop In Unemployment Rate

An unexpected drop in the nation's unemployment rate lifted the markets to a sharply higher open with the Dow soaring 121 points to 10,487. Nasdaq climbed 37 points to 2210.

On the upside

Marvell Technology (Nasdaq: MRVL) reported sharply higher third quarter earnings that topped analyst estimates as revenue surged.

Third quarter earnings for Big Lots (NYSE: BIG) more than doubled in the third quarter prompting the closeout retailer to boost its fourth quarter outlook.

FBR Capital Markets analyst upgraded Synovus Financial (NYSE: SNV) saying that the stock price has plunged 61% over the last three months.

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