Healthcare Stocks Rise, Markets Advance At Midday

Passage of the healthcare reform bill boosted health care stocks to lift the markets higher during the midday with the Dow gaining 59 points to 10,801. Nasdaq climbed 20 points to 2395.

On the upside

Techwell (Nasdaq: TWLL) will be acquired by Intersil (Nasdaq: ISIL) for approximately $370 million.

CNX Gas (Nasdaq: CXG) announced that its Marcellus Shale GH2BCV gas well achieved a record production rate of 5.7 million cubic feet per day.

Acquisition rumors lifted shares of BankAtlantic Bancorp (NYSE: BBX).

On the downside

Shares of A.P. Pharma (Nasdaq: APPA) continued falling after the Food and Drug Administration requested additional studies of the company's chemotherapy induced nausea treatment on Friday.

Weatherford International (NYSE: WFT) stock continued its decline after Jefferies downgraded the oil services firm on Friday.

Passage of the healthcare reform bill weighed down shares of insurance firm UnitedHealth (NYSE: UNH).

In the broad market, advancing issues outpaced decliners by a margin of nearly 5 to 4 on the NYSE and by more than 9 to 7 on Nasdaq. The Russell 2000 which tracks small cap stocks climbed 5 points to 678.

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