Upbeat earnings news boosted the markets during the midday with the Dow jumping 204 points to 13,125. Nasdaq leaped 60 points to 3048.
On the upside
First Solar (Nasdaq: FSLR) will eliminate 2,000 jobs, close its facilities in Frankfurt, Germany and idle production at some plants in Malaysia.
DTS will pay approximately $134.3 million in cash and stock to acquire rival SRL Labs (Nasdaq: SRSL).
A Seeking Alpha contributor expects EDAP TMS (Nasdaq: EDAP) to expand its operations as as more research supports using High-Intensity Focused Ultrasound to treat prostate cancer.
On the downside
The U. S. International Trade Commission ruled that Whirlpool (NYSE: WHR) was not materially injured by bottom-mount refrigerators from South Korea and Mexico that were sold below fair market value.
Wabash National (NYSE: WNC) will offer up to $150 million in senior convertible notes.
Mechel (NYSE: MTL) must resolve mining license violations at it Yakutugol facility within six months.
In the broad market, advancing issues outpaced decliners by a margin of more than 4 to 1 on the NYSE and by nearly 4 to 1 on Nasdaq. The Russell 2000 which tracks small cap stocks leaped 16 points to 814.