Markets Rocket Over Upbeat Economic Data

On the upside

Third quarter earnings and revenue climbed for DG FastChannel (Nasdaq: DGIT).

Sotheby's (NYSE: BID) declared a quarterly dividend of $0.05 per share payable on December 15, 2009 to shareholders of record December 1, 2009.

Jo-Ann Stores (NYSE: JAS) lifted its third quarter outlook as well as its full year guidance.

On the downside

Shares of Ambac Financial (NYSE: ABK) tumbled as investors locked in profits from yesterday's rally.

Aeropostale (NYSE: ARO) reported a disappointingly small 3% increase in same store sales. Analysts were expecting a much greater gain of 13.8%.

Although third quarter earnings for MetroPCS (NYSE: PCS) rose, the company lowered its subscriber forecast for the year.

In the broad market, advancing issues outpaced decliners by a margin of nearly 4 to 1 on the NYSE and by 7 to 2 on Nasdaq. The Russell 2000 which tracks small cap stocks leaped 18 points to 581.