Stronger than expected growth in the third quarter lifted the markets higher during the midday with the Dow climbing 56 points to 13,848. Nasdaq soared 20 points to 2837.
On the upside
First Consulting Group (Nasdaq: FCGI) agreed to be acquired by Computer Sciences for approximately $352.3 million.
Strong sales growth lifted second quarter earnings higher for McKesson (NYSE: MCK) to beat expectations.
Newmont Mining (NYSE: NEM) reported third quarter earnings that doubled due to one time gains.
On the downside
Although Buffalo Wild Wings (Nasdaq: BWLD) reported higher third quarter earnings, the results fell short of expectations.
Omnicare (NYSE: OCR) blamed lower reimbursement rates for a drop in third quarter earnings.
Third quarter earnings fell for Lincoln Financial (NYSE: LNC) due to lower sales of fixed rate annuities.
In the broad market, advancing issues outpaced decliners by a margin of more than 2 to 1 on the NYSE and by a margin of 9 to 7 on Nasdaq. The Russell 2000 which tracks small cap stocks added 4 points to 820.
