Jobless claims fall, markets advance

The markets continued advancing during the midday with the Dow climbing 86 points to 17,066 as first time applications for unemployment benefits fell more than expected. Nasdaq rose 4 points to 4531.

On the upside

Shares of Digital Ally (Nasdaq: DGLY) continued climbing.

Xunlei (NYSE: XNET) fell to a loss for the second quarter but the stock price rose.

Bank of America (NYSE: BAC) settled charges from the mortgage crisis meltdown.

On the downside

Second quarter earnings rose for Stage Stores (NYSE: SSI) but the results fell short of expectations and the company lowered its full year earnings outlook.

Investors locked in profits on J.C. Penney (NYSE: JCP).

Shares of Staples (Nasdaq: SPLS) extended its losses.

In the broad market, advancing issues outpaced decliners by a margin of more than 3 to 2 on the NYSE and by more than 10 to 9 on Nasdaq. The broader S&P 500 rose 6 points to 1993. Bitcoin rose $14 to $521.

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