U. S. markets closed

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U. S. markets are closed in observance of Thanksgiving.
The markets closed modestly higher with the Dow rising 12 points to 17,827 as October consumer spending edged up. Nasdaq climbed 29 points to 4,787.

On the upside

Kinder Morgan (NYSE: KMI) completed its acquisition of Kinder Morgan Energy Partners (NYSE: KMP), Kinder Morgan Management (NYSE: KMR) and El Paso Pipeline Partners (NYSE: EPB).

GoPro (Nasdaq: GPRO) will introduce drones equipped with high-definition cameras next year. 

Cubic (NYSE: CUB) reported record fourth quarter earnings and revenue that surpassed analyst expectations.

On the downside

KLA-Tencor (Nasdaq: KLAC) lowered its second quarter earnings outlook.

Shares of Diamond Offshore (NYSE: DO) and Transocean (NYSE: RIG) both dropped after rivals SeaDrill (NYSE: SDRL) and North Atlantic Drilling (NYSE: NADL) suspended their dividends.

AeroVironment (Nasdaq: AVAV) fell to a loss for the second quarter as revenue dropped.

In the broad market, advancing issues outpaced decliners by a margin of nearly 5 to 3 on the NYSE and by more than 7 to 5 on Nasdaq. The broader S&P 500 rose 5 points to 2072. Bitcoin lost $9 to $364.
The markets traded mixed during the midday with the Dow slipping 4 points to 17,810 as consumer spending edged up a mere 0.2% in October. Nasdaq gained 21 points to 4,780.

On the upside

Hewlett-Packard (NYSE: HPQ) reported lower fourth quarter earnings and revenue but the stock price rose.

TheStreet Ratings downgraded American Realty Capital Property (Nasdaq: ARCP) from a Hold rating to a Sell ration but the stock price rose. 

Twitter (NYSE: TWTR) introduced its Twitter Offers e-commerce feature.

On the downside

North Atlantic Drilling (NYSE: NADL) reported higher third quarter earnings and revenue but the company suspended its dividend.

ReneSola (NYSE: SOL) narrowed losses for the third quarter but revenue dropped.

Profit taking weighed down shares of Lakeland Industries (Nasdaq: LAKE).

In the broad market, advancing issues outpaced decliners by a margin of 4 to 3 on the NYSE and by 9 to 7 on Nasdaq. The broader S&P 500 added 3 points to 2070. Bitcoin lost $8 to $366.

Mixed open over housing data

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The markets opened mixed with the Dow slipping 8 points to 17,806 while Nasdaq rose 12 points to 4,770 as single family home sales increased in October but September's numbers were revised downward.

On the upside

The Winston-Salem Police Department ordered 632 AXON body-worn cameras from TASER International (Nasdaq: TASR) along with a five-year subscription to EVIDENCE.com.

Infoblox (NYSE: BLOX) widened first quarter losses but the results were better than expected and the company named former Cisco senior vice president Jesper Andersen to the position of chief executive officer. 

Veeva Systems (NYSE: VEEV) reported higher third quarter earnings and revenue that beat expectations and forecast current quarter results ahead of estimates.

On the downside

SeaDrill (NYSE: SDRL) disappointed with lower third quarter earnings that fell short of expectations and suspended its dividend.

Ctrip.com International (Nasdaq: CTRP) reported lower third quarter earnings and forecast current quarter revenue below estimates.

21Vianet Group (Nasdaq: VNET) reversed year ago losses to post a profit for the third quarter but revenue missed expectations prompting a downgrade.

In the broad market, advancing issues outpaced decliners by a margin of 10 to 9 on the NYSE and by more than 10 to 9 on Nasdaq. The broader S&P 500 added a point to 2068. Bitcoin lost $4 to $370.
The markets closed flat with the Dow slipping 2 points to 17,814 as consumer confidence fell. Nasdaq added 3 points to 4,758.

On the upside

Dycom Industries (NYSE: DY) reported higher third quarter earnings that beat analyst expectations.

Zacks suggested that Bebe Stores' (Nasdaq: BEBE) stock price could soar. 

Rising gold prices lifted shares of Coeur Mining (NYSE: CDE), Eldorado Gold (NYSE: EGO) and Kinross Gold (NYSE: KGC).

On the downside

The Habit Restaurants (Nasdaq: HABT) closed its initial public offering.

Beacon Roofing Supply (Nasdaq: BECN) disappointed with lower fourth quarter earnings that fell short of analyst expectations.

Casey's General Stores (Nasdaq: CASY) must restate financial statements for fiscal years 2012 through the first quarter of fiscal 2015 due to an accounting and reporting error.

In the broad market, advancing issues outpaced decliners by a margin of 10 to 9 on the NYSE while decliners barely edged out advancers by a slim margin on Nasdaq. The broader S&P 500 slipped 2 points to 2067. Bitcoin lost $3 to $373.

Markets rise as GDP revised upward

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The markets traded higher during the midday with the Dow rising 17 points to 17,835 as the nation's economic growth estimate for the third quarter was revised upward. Nasdaq added 4 points to 4,759.

On the upside

Lakeland Industries (Nasdaq: LAKE) will report third quarter earnings on Wednesday, December 10, 2014 after market close.

Daily Mail reported that Facebook's (Nasdaq: FB) new professional social networking site Facebook at Work will launch in January without advertisements. 

Third quarter earnings and revenue surged for iDreamSky Technology (Nasdaq: DSKY) .

On the downside

Jarden (NYSE: JAH) completed its 3-for-2 stock split.

Profit taking weighed down shares of Geron (Nasdaq: GERN).

Wunderlich Securities downgraded Brocade Communications Systems (Nasdaq: BRCD) from a Buy rating to a Hold rating.

In the broad market, advancing issues outpaced decliners by a margin of nearly 5 to 4 on the NYSE while advancers barely edged out decliners by a slim margin on Nasdaq. The broader S&P 500 edged up a fraction to 2070. Bitcoin held steady at $377.

Mixed open even as GDP rises

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The markets opened mixed with the Dow losing 17 points to 17,799 while Nasdaq added 3 points to 4,757 even as the nation's estimated third quarter gross domestic product was raised to 3.9% from 3.5%.

On the upside

SinoCoking Coal and Coke Chemical Industries' (Nasdaq: SCOK) aboveground syngas facility achieved 100% capacity.

Qihoo 360 Technology (NYSE: QIHU) reported sharply higher third quarter earnings and revenue that beat analyst expectations and forecast current quarter revenue ahead of estimates. 

ChinaTopix listed J.C. Penney (NYSE: JCP) as the retailer with the largest Black Friday discounts.

On the downside

Revolution Lighting Technologies (Nasdaq: RVLT) priced its public offering of 8 million common shares at the discounted price of $1.25 per share.

E-Commerce China Dangdang (NYSE: DANG) reversed year ago losses to post a profit for the third quarter but the results fell short of analyst expectations.

William Blair downgraded CyberArk Software (Nasdaq: CYBR) from an Outperform rating to a Market Perform rating and Nomura downgraded the company from a Buy rating to a Neutral rating.

In the broad market, advancing issues outpaced decliners by a margin of more than 5 to 3 on the NYSE and by nearly 5 to 3 on Nasdaq. The broader S&P 500 eased a fraction to 2068. Bitcoin added $1 to $378.
Indications that additional stimulus measures will be enacted in Europe lifted the markets to a higher close with the Dow adding 7 points to 17,817. Nasdaq climbed 41 points to 4,754.

On the upside

XOMA (Nasdaq: XOMA) will present at the 24th Annual Piper Jaffray Healthcare conference on Wednesday, December 3, 2014.

Redbox parent company Outerwall (Nasdaq: OUTR) will increase the rental rate of DVDs, Blu-ray Discs and video games. 

Kinder Morgan (NYSE: KMI) will offer $6 billion worth of bonds.

On the downside

Spherix (Nasdaq: GALE) completed the Markman hearing for its patent infringement suits against VTech Telecommunications and Uniden.

Profit taking  weighed down share of Approach Resources (Nasdaq: AREX).

The underwriter for Second Sight Medical Products' (Nasdaq: EYES) initial public offering exercised its entire over-allotment option.

In the broad market, advancing issues outpaced decliners by a margin of nearly 5 to 3 on the NYSE and by nearly 5 to 2 on Nasdaq. The broader S&P 500 rose 5 points to 2069. Bitcoin climbed $16 to $385.
The increased likelihood of additional global economic stimulus measures lifted the markets during the midday with the Dow holding steady at 17,810. Nasdaq climbed 32 points to 4,745.

On the upside

Platinum Underwriters Holdings (NYSE: PTP) will be acquired by RenaissanceRe Holdings (NYSE: RNR) in a cash and stock deal valued at approximately $1.9 billion.

Bloomberg reported that Tetraphase Pharmaceuticals (Nasdaq: TTPH) was exploring a possible sale of the company. 

Shares of Hertz Global (NYSE: HTZ) extended its gains.

On the downside

TheStreet noted that Galena Biopharma's (Nasdaq: GALE) financing deal with Lincoln Park Financial contained highly unfavorable terms for the struggling biopharmaceutical.

Profit taking weighed down shares of E-House China Holdings (NYSE: EJ).

AT&T (NYSE: T) upgraded its network in Ohio and launched an upgraded service for former Alltel customers but the stock price fell.

In the broad market, advancing issues outpaced decliners by a margin of nearly 7 to 5 on the NYSE and by nearly 7 to 3 on Nasdaq. The broader S&P 500 rose 4 points to 2067. Bitcoin gained $11 to $380.
The markets opened higher with the Dow rising 21 points to 17,831 as the European Central Bank moved closer to implementing stimulus measures. Nasdaq gained 26 points to 4,739.

On the upside

BioMarin will pay a premium of approximately $840 million to buy Prosena (Nasdaq: RNA).

The Therapeutic Goods Administration in Australia approved the marketing application of Ariad Pharmaceuticals (Nasdaq: ARIA) for Iclusig. 

3D Systems (NYSE: DDD) will acquire Cimatron (Nasdaq: CIMT) for a premium of approximately $97 million.

On the downside

Trina Solar (NYSE: TSL) reported higher third quarter earnings and revenue but the company cut its solar module shipment forecast for 2014.

Investors locked in profits on Cliffs Natural Resources (NYSE: CLF).

Citigroup downgraded Verizon Communications (NYSE: VZ) from an Overweight rating to a Neutral rating.

In the broad market, advancing issues outpaced decliners by a margin of 3 to 2 on the NYSE and by 5 to 2 on Nasdaq. The broader S&P 500 added 5 points to 2068. Bitcoin gained $10 to $379.
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