A 0.6% increase in wholesale inventories lifted the markets higher during the midday with the Dow rising 24 points to 12,485. Nasdaq gained 11 points to 2842.
On the upside
Billionaire investor Carl Icahn acquired additional shares of Navistar International (NYSE: NAV) to increase his stake to 11.87%.
Cantor Fitzgerald initiated coverage of Neonode (Nasdaq: NEON) with a Buy rating.
Shares of Zalicus (Nasdaq: ZLCS) continued climbing after a Seeking Alpha contributor wrote yesterday that the company was one of five biotechnology stocks poised for growth.
On the downside
TheStreet Ratings affirmed its Hold rating on US Steel (NYSE: X).
TheStreet Ratings reiterated its Hold with a ratings score of C on Exelon (NYSE: EXC).
Shares of Quicksilver Resources (NYSE: KWK) continued falling after TheStreet Ratings downgraded the company to a Sell rating yesterday.
In the broad market, advancing issues outpaced decliners by a margin of nearly 5 to 4 on the NYSE and by nearly 7 to 5 on Nasdaq. The Russell 2000 which tracks small cap stocks rose 3 points to 763.
Nasdaq quotes delayed at least 15 minutes, all others at least 20 minutes.
Markets are closed on certain holidays. Stock Market Holiday List
By accessing this page, you agree to the following
Press Release Service provided by PRConnect.
Stock quotes supplied by Telekurs USA
Postage Rates Bots go here