The markets turned positive during the midday with the Dow rising 33 points to 14,970 with investors hopeful that disappointing August jobs growth will delay tapering of the Federal Reserve’s bond buying program. Nasdaq gained 9 points to 3668.
On the upside
Celsion (Nasdaq: CLSN) will present at the Rodman & Renshaw Global Investment Conference on Monday, September 9, 2013.
VeriFone Systems (NYSE: PAY) fell to a loss for the third quarter but the results were better than expected.
Infoblox (NYSE: BLOX) reversed year ago losses to post a greater than expected profit for the fourth quarter.
On the downside
Mattress Firm Holding (Nasdaq: MFRM) reported higher second quarter earnings but the results fell short of analyst expectations prompting the company to lower its full year outlook.
Conns (Nasdaq: CONN) disappointed with second quarter earnings that missed expectations.
Active Power (Nasdaq: ACPW) blamed disappointing sales in China for withdrawing its third quarter guidance.
In the broad market, advancing issues outpaced decliners by a margin of more than 2 to 1 on the NYSE while advancers barely edged out decliners by a slim margin on Nasdaq. The broader S&P 500 rose 5 points to 1660.
