A greater than expected surge in new home sales boosted the markets during the midday with the Dow gaining 73 points to 10,116. Nasdaq climbed 25 points to 2236.
On the upside
The Food and Drug Administration will review MELA Sciences' (Nasdaq: MELA) pre-market application for its melanoma detection tool MelaFind.
Central Jersey Bancorp (Nasdaq: CJBK) and Kearny Financial (Nasdaq: KRNY) will merge in a deal valued at approximately $72.3 million.
J.P. Morgan Chase upgraded US Airways Group (NYSE: LCC).
On the downside