The markets traded higher during the midday with the Dow gaining 44 points to 14,341 on an upbeat jobs report. Nasdaq added 7 points 3230.
On the upside
Sycamore Partners will pay a premium of approximately $600 million to take Hot Topic (Nasdaq: HOTT) private.
Bargain hunters lifted shares of Affymax (Nasdaq: AFFY), whose stock price has fallen since the biopharmaceutical recalled its anemia medication Omontys on Saturday, February 23.
On the downside
PetSmart (Nasdaq: PETM) reported higher fourth quarter earnings and revenue but the company forecast 2013 earnings below analyst expectations.
Radian Group (NYSE: RDN) reported lower mortgage delinquencies in February but the stock price fell.
SolarCity (Nasdaq: SCTY) fell to a greater than expected loss for the fourth quarter.
In the broad market, advancing issues outpaced decliners by a margin of more than 7 to 5 on the NYSE and by nearly 9 to 7 on Nasdaq. The broader S&P 500 index rose 3 points to 1544.
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