The markets advanced during the midday with the Dow climbing 81 points to 15,384 as pending home sales rose to a three year high. Nasdaq soared 31 points to 3498.
On the upside
Avago Technologies (Nasdaq: AVGO) reported lower second quarter earnings and revenue but the results were better than expected and the chipmaker forecast current quarter revenue ahead of estimates.
Amarin (Nasdaq: AMRN) reported additional upbeat data from a Phase 3 ANCHOR study of Vascepa at the National Lipid Association 2013 Annual Scientific Session.
On the downside
First quarter earnings fell for Big Lots (NYSE: BIG) prompting the discount retailer to cut its full year earnings and revenue outlook.
ARCA biopharma (Nasdaq: ABIO) priced its public offering of preferred stock and warrants.
Hanwa SolarOne (Nasdaq: HSOL) narrowed first quarter losses as revenue climbed but the stock price fell.
In the broad market, advancing issues outpaced decliners by a margin of 5 to 3 on the NYSE and by nearly 2 to 1 on Nasdaq. The broader S&P 500 index climbed 11 points to 1659.
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