The markets advanced during the midday with the Dow adding 3 points to 16,494 as investors welcomed merger and acquisition news. Nasdaq climbed 30 points to 4,120.
On the upside
Gogo (Nasdaq: GOGO) introduced comprehensive SwiftBroadband airtime programs for the business aviation market.
Infinera and DANTE (Nasdaq: INFN) won the Global Telecommunications Business Innovation Awards in Wholesale Service Innovation.
Synovus Financial (NYSE: SNV) completed its one-for-seven reverse stock split.
On the downside
AstraZeneca (NYSE: AZN) rejected Pfizer's (NYSE: PFE) $119 billion acquisition offer.
Ventrus Biosciences (Nasdaq: VTUS) will merge with Assembly Pharmaceuticals in an all stock seal.
LifeLock (NYSE: LOCK) removed its Wallet application from app stores citing security concerns.
In the broad market, advancing issues outpaced decliners by a margin of more than 5 to 3 on the NYSE and by nearly 7 to 3 on Nasdaq. The broader S&P 500 rose 4 points to 1882. Bitcoin edged up $0.54 or 0.12% to $443.49.
