Markets advance on global stimulus measures

The markets traded higher during the midday with the Dow climbing 75 points to 17,794 after China cut interest rates and the European Central Bank hinted that it may soon take action to strengthen the European economy. Nasdaq added 7 points to 4,709.

On the upside

Shares of Geron (Nasdaq: GERN) extended its gains.

Endurance International (Nasdaq: EIGI) priced its public offering of 13 million common shares at $14.50 per share.

Bargain hunters lifted shares of SouFun Holdings (NYSE: SFUN).

On the downside

MOL Global (Nasdaq: MOLG) chief financial officer Allan Wong resigned effective immediately and the company delayed the release of its third quarter results.

Aruba Networks (Nasdaq: ARUN) swung to a better than expected profit for the first quarter but the company forecast current quarter revenue that missed analyst estimates.

Westco Aircraft (NYSE: WAIR) disappointed with lower fourth quarter earnings and revenue that fell short of expectations.

In the broad market, advancing issues outpaced decliners by a margin of more than 5 to 3 on the NYSE and by nearly 10 to 9 on Nasdaq. The broader S&P 500 rose 5 points to 2058. Bitcoin slipped $3 to $353.
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