The markets continued to advance during the midday with the Dow climbing 87 points to 16,647 despite flat retail sales in July. Nasdaq soared 38 points to 4427.
On the upside
Shares of Otonomy (Nasdaq: OTIC) climbed on its first trading day.
FleetCor Technologies (NYSE: FLT) will pay approximately $3.45 billion to acquire Comdata.
Shares of Intercept Pharmaceuticals (Nasdaq: ICPT) continued rising.
On the downside
JDS Uniphase (Nasdaq: JDSU) fell to a loss for the fourth quarter and forecast current quarter results below expectations.
Fourth quarter earnings fell for Myriad Genetics (Nasdaq: MYGN) and the molecular diagnostic company forecast fiscal 2015 earnings that missed analyst estimates.
Netlist (Nasdaq: NLST) widened second quarter losses as revenue fell.
In the broad market, advancing issues outpaced decliners by a margin of more than 3 to 1 on the NYSE and by nearly 5 to 2 on Nasdaq. The broader S&P 500 climbed 12 points to 1945. Bitcoin fell $31 to $535.
