Markets advance as existing home sales rise

The market advanced during the midday with the Dow gaining 18 points to 16,551 as existing home sales rose. Nasdaq climbed 23 points to 4,154.

On the upside

Shares of (Nasdaq: JD) climbed on its first trading day.

Liquid Holdings Group (Nasdaq: LIQD) will present at two investment conferences next week.

Ladenburg initiated coverage of Cell Therapeutics (Nasdaq: CTIC) with a Buy rating.

On the downside

Searchmetrics reported that RetailMeNot (Nasdaq: SALE) lost an estimated 33% of its traffic after Google (Nasdaq: GOOG) launched Panda 4.0.

Weibo (Nasdaq: WB) widened first quarter losses and forecast second quarter revenue below analyst expectations.

Rumors circulated that Bill Ackman will take a short position on Apollo Education (Nasdaq: APOL).

In the broad market, advancing issues outpaced decliners by a margin of more than 5 to 2 on both the NYSE and on Nasdaq. The broader S&P 500 gained 6 points to 1894. Bitcoin gained $30.21 or 5.85% to $516.90.

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