Mid-Afternoon Market Update: Market Rally Levels Out As Time Warner/Comcast Deal Holds The Spotlight

Toward the end of trading Thursday, the Dow traded up 0.35 percent to 16,019.01 while the NASDAQ surged 0.78 percent to 4,233.16. The S&P also rose, gaining 0.49 percent to 1,828.78. Leading and Lagging Sectors Utilities stocks were the top gainers in Thursday's trading, with Calpine (NYSE: CPN ) leading advancers.