Strong corporate earnings boosted the markets to a higher close with the Dow soaring 95points to 15,509. Nasdaq climbed 21 points to 3928.
On the upside
Natus Medical (Nasdaq: BABY) swung to a better than expected profit for the third quarter as revenue rose prompting the company to raise its fourth quarter and full year outlook.
CoreLogic (NYSE: CLGX) reported higher third quarter earnings that topped analyst estimates.
A Seeking Alpha contributor wrote that Zalicus (Nasdaq: ZLCS) has much upside potential.
On the downside
A jury awarded ParkerVision (Nasdaq: PRKR) $173 million in damages from Qualcomm (Nasdaq: QCOM) for patent infringement but the award was far short of the $500 million that ParkerVision had demanded.
Muddy Waters initiated coverage of NQ Mobile (NYSE: NQ) with a Strong Sell rating and declared that the company was a fraud.
Akamai Technologies (Nasdaq: AKAM) reported higher third quarter earnings and revenue that beat expectations but the company warned that fourth quarter revenue would fall short of estimates.
In the broad market, advancing issues outpaced decliners by a margin of more than 7 to 5 on the NYSE and by nearly 5 to 3 on Nasdaq. The broader S&P 500 rose 5 points to 1752.
