Markets continue rising

The markets continued advancing during the midday with the Dow climbing 71 points to 18,188 as existing home sales rose. Nasdaq added 2 points to 5,028.

On the upside

Lockheed Martin selected RADA Electronic Industries' (Nasdaq: RADA) Multi-Mission Hemispheric Radar for a high energy laser weapon system prototype.

Bank of America/Merrill Lynch initiated coverage of CyberArk Software (Nasdaq: CYBR) with a Buy rating and set a $60 price target.

Pfizer (NYSE: PFE) and Eli Lilly (NYSE: LLY) will resume late stage testing of their chronic pain treatment tanezumab.

On the downside

Kansas City Southern (NYSE: KSU) blamed slow growth in the energy sector for lowering its full year revenue guidance.

Wunderlich Securities lowered its price target on Sonus Networks (Nasdaq: SONS) from $22 to $17.

Isis Pharmaceuticals (Nasdaq: ISIS) reported positive data from a Phase I study of its antisense drug ANGPTL3 but even stronger results were expected.

In the broad market, advancing issues outpaced decliners by a margin of nearly 2 to 1 on the NYSE and by nearly 7 to 5 on Nasdaq. The broader S&P 500 rose 5 points to 2113. Bitcoin slipped a point to $265.
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