Markets trade in positive territory

The markets retreated from early morning highs but continued trading in positive territory with the Dow climbing 65 points to 16,855. Nasdaq gained 22 points to 4,770.

On the upside

Shares of Pacific Biosciences (Nasdaq: PACB) extended its gains.

SunEdison (NYSE: SUNE) will eliminate 1,000 jobs and will no longer sell power plants to TerraForm Power or TerraForm Global.

MeetMe (Nasdaq: MEET) reported preliminary third quarter earnings and revenue above its previous guidance.

On the downside

Axion Power (Nasdaq: AXPW) was unable to reach an agreement with LCB International for funding and technology licensing.

Neonode (Nasdaq: NEON) forecast third quarter revenue below expectations and priced its public offering of 3.2 million common shares at the discounted price of $1.90 per share.

Cliffs Natural Resources (NYSE: CLF) terminated its pellet sale and purchase agreement with Essar Steel Algoma.

In the broad market, advancing issues outpaced decliners by a margin of more than 5 to 2 on both the NYSE and on Nasdaq. The broader S&P 500 gained 8 points to 1,988. Bitcoin held steady at $244.
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