Optimism for new stimulus measures lifts markets

Optimism that Japan may enact new economic stimulus measures lifted the markets during the midday with the Dow gaining 51 points to 17,699. Nasdaq climbed 35 points to 4,706.

On the upside

McEwen Mining (NYSE: MUX) will hold conference call with shareholders on Friday, November 21, 2014 to discuss the mining industry and current market conditions.

DCT Industries (NYSE: DCT) completed its one-for-four reverse stock split. 

Recovering gold prices lifted shares of Iamgold (NYSE: IAG) and Gold Fields (NYSE: GFI).

On the downside

Neostem (Nasdaq: NBS) reported disappointing results from a trial of its cardiac stem cell therapy NBS10.

Omega Protein (NYSE: OME) disappointed with sharply lower third quarter earnings.

Third quarter earnings dropped for Urban Outfitters (Nasdaq: URBN) to fall short of analyst expectations prompting a downgrade.

In the broad market, advancing issues outpaced decliners by a margin of more than 2 to 1 on the NYSE and by nearly 2 to 1 on Nasdaq. The broader S&P 500 gained 10 points to 2051. Bitcoin lost $8 to $377.

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