The markets advanced during the midday with the Dow leaping 154 points to 15,976 as the nation’s unemployment rate dropped more than expected to a five year low of 7.0%. Nasdaq climbed 32 points to 4065.
On the upside
Bargain hunters lifted shares of Rite Aid (NYSE: RAD).
Third quarter earnings surged for Pacific Sunwear (Nasdaq: PSUN) due to a one time gain prompting an upgrade.
A Seeking Alpha contributor wrote that B.O.S. Online Solutions (Nasdaq: BOSC) was undervalued and had the potential to double.
On the downside
SeaChange International (Nasdaq: SEAC) reported higher third quarter earnings but the results fell short of analyst expectations and the company forecast current quarter results below estimates.
The Securities and Exchange Commission initiated an inquiry into J.C. Penney’s (NYSE: JCP) finances.
Shares of ReneSola (NYSE: SOL) continued falling after reporting a wider loss than expected for the third quarter yesterday morning.
In the broad market, advancing issues outpaced decliners by a margin of nearly 7 to 2 on the NYSE and by more than 5 to 2 on Nasdaq. The broader S&P 500 climbed 17 points to 1802. Bitcoin plummeted $146.00 or 13.14% to $965.00.
