Bargain hunters lift markets

After three days of triple digit losses, bargain hunters lifted the markets to a higher open with the Dow rising 39 points to 16,360. Nasdaq gained 14 points to 4,227.

On the upside

ChinaNet Online Holdings (Nasdaq: CNET) introduced a Zero Down Payment Loan product.

Skyworks Solutions (Nasdaq: SWKS) lifted its fourth quarter earnings and revenue guidance.

Goodrich Petroleum (Nasdaq: GDP) will present at the 8th Annual Canaccord Genuity Global Resources Conference on Thursday, October 16, 2014.

On the downside

Investors locked in profits on Nanosphere (Nasdaq: NSPH).

Profit taking weighed down shares of Lakeland Industries (Nasdaq: LAKE).

Investors took profits on NewLink Genetics (Nasdaq: NLNK).

In the broad market, advancing issues outpaced decliners by a margin of nearly 7 to 2 on the NYSE and by more than 4 to 1 on Nasdaq. The broader S&P 500 rose 5 points to 1880. Bitcoin added $7 to $397.
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