The Bank of Japan will increase its stimulus plan sending the markets soaring to a sharply higher open with the Dow leaping 162 points to 17,357. Nasdaq jumped 61 points to 4,627.
On the upside
Third quarter earnings slipped for WisdomTree Investments (Nasdaq: WETF) but revenue rose to top analyst estimates.
GoPro (Nasdaq: GPRO) swung to a greater than expected profit for the third quarter as revenue surged.
Spansion (NYSE: CODE) narrowed losses for the third quarter as revenue climbed.
On the downside
Aegerion Pharmaceuticals (Nasdaq: AEGR) narrowed losses for the third quarter but revenue fell short of expectations and the company lowered its full year revenue outlook.
Trimble Navigation (Nasdaq: TRMB) disappointed with sharply lower third quarter earnings that missed analyst estimated and forecast current quarter results below expectations.
Third quarter earnings plunged for Regional Management (NYSE: RM) prompting downgrades.
In the broad market, advancing issues outpaced decliners by a margin of 5 to 2 on the NYSE and by 7 to 2 on Nasdaq. The broader S&P 500 climbed 17 points to 2012. Bitcoin lost $9 to $339.
Bank of Japan increases stimulus, markets soar
October 31, 2014 at 10:43 AM EDT