Markets advance as consumer confidence climbs

A strong gain in consumer confidence boosted the markets during the midday with the Dow climbing 78 points to 16,896. Nasdaq surged 50 points to 4,536.

On the upside

Cliffs Natural Resources (NYSE: CLF) fell to a loss for the third quarter as revenue dropped but the results were better than expected.

Receptos (Nasdaq: RCPT) reported positive results for a Phase 2 trial of its ulcerative colitis treatment RPC1063.

VASCO Data Security International (Nasdaq: VDSI) reported sharply higher earnings for the third quarter that more than tripled as revenue climbed.

On the downside

Amkor Technology (Nasdaq: AMKR) reported higher third quarter earnings and revenue but the results fell short of analyst expectations.

NQ Mobile (NYSE: NQ) rejected an offer from Bison Capital to take the company private.

Kohl's (NYSE: KSS) warned of lower comparable sales in the third quarter.

In the broad market, advancing issues outpaced decliners by a margin of more than 3 to 1 on the NYSE and by nearly 7 to 2 on Nasdaq. The broader S&P 500 gained 11 points to 1973. Bitcoin added a point to $352.
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