Markets Soar Over Upbeat Earnings

Investors welcomed upbeat corporate earnings to send the markets soaring to a sharply higher close with the Dow surging 129 points to 11,107. Nasdaq climbed 20 points to 2457.

On the upside

Third quarter revenue climbed for Hawaiian Airlines parent Hawaiian Holdings (Nasdaq: HA).

Complete Production Services (NYSE: CPX) reversed year ago losses to post a profit for the third quarter.

Fourth quarter earnings surged for Lindsay (NYSE: LNN) to surpass expectations by a wide margin.

On the downside

Christopher & Banks (NYSE: CBK) chief executive Lorna Nagler and chief merchandise officer Susan Connell both resigned.

Grubb & Ellis (NYSE: GBE) warned of losses for the third quarter.

Tupperware Brands (NYSE: TUP) reported higher third quarter earnings but revenue fell short of expectations. 

In the broad market, advancing issues outpaced decliners by a margin of more than 3 to 1 on the NYSE and by nearly 5 to 2 on Nasdaq. The Russell 2000 which tracks small cap stocks gained 7 points to 702.