Markets rise as GDP revised upward

The markets traded higher during the midday with the Dow rising 17 points to 17,835 as the nation's economic growth estimate for the third quarter was revised upward. Nasdaq added 4 points to 4,759.

On the upside

Lakeland Industries (Nasdaq: LAKE) will report third quarter earnings on Wednesday, December 10, 2014 after market close.

Daily Mail reported that Facebook's (Nasdaq: FB) new professional social networking site Facebook at Work will launch in January without advertisements.

Third quarter earnings and revenue surged for iDreamSky Technology (Nasdaq: DSKY) .

On the downside

Jarden (NYSE: JAH) completed its 3-for-2 stock split.

Profit taking weighed down shares of Geron (Nasdaq: GERN).

Wunderlich Securities downgraded Brocade Communications Systems (Nasdaq: BRCD) from a Buy rating to a Hold rating.

In the broad market, advancing issues outpaced decliners by a margin of nearly 5 to 4 on the NYSE while advancers barely edged out decliners by a slim margin on Nasdaq. The broader S&P 500 edged up a fraction to 2070. Bitcoin held steady at $377.