Upbeat Retail Sales Boost Markets
Investors embraced strong October retail sales to lift the markets higher during the midday with the Dow climbing 79 points to 11,272. Nasdaq gained 11 points to 2529.
On the upside
The Higher Learning Commission removed Corinthian Colleges' (Nasdaq: COCO) Everest College campus from probation.
Telestone Technologies (Nasdaq: TSTC) reported sharply higher third quarter earnings that more than doubled to surpass analyst expectations by a wide margin.
Ford (NYSE: F) announced ninteen markets that will sell the automaker's first all-electric zero emissions passenger car, the Focus Electric, in 2011.
On the downside
MakeMyTrip (Nasdaq: MMYT) disappointed with second quarter revenue that fell short of analyst expectations. Indian tax regulators also sent the Indian travel company a demand of service tax.
Wendy's/Arby's (NYSE: WEN) swung to an unexpected loss for the third quarter.
BSD Medical (Nasdaq: BSDM) will raise approximately $10.45 million through a registered direct offering.
In the broad market, advancing issues outpaced decliners by a margin of nearly 2 to 1 on the NYSE and by 2 to 1 on Nasdaq. The Russell 2000 which tracks small cap stocks gained 6 points to 725.
