The markets closed higher with the Dow climbing 61 points to 12,169 as investors embraced upbeat economic data. Nasdaq gained 21 points to 2599.
On the upside
SandRidge Energy (NYSE: SD) entered a $1 billion joint venture with Repsol YPF at its Extension Mississippian play and at its Original Mississippian play.
Advanced Micro Devices (NYSE: AMD) introduced its AMD Radeon HD 7970 graphics card, the world's fastest single-GPU graphics card.
Shares e-Commerce China Dangdang (NYSE: DANG) rose after launching its e-book platform yesterday.
On the downside
CPI (NYSE: CPY) narrowed third quarter losses but revenue dropped.
Stifel Nicolaus downgrade KB Home (NYSE: KBH) from a Buy rating to a Hold rating.
Shares of TripAdvisor (Nasdaq: TRIP) continued falling after splitting from Expedia yesterday.
In the broad market, advancing issues outpaced decliners by a margin of more than 3 to 1 on the NYSE and by nearly 2 to 1 on Nasdaq. The Russell 2000 which tracks small cap stocks gained 5 points to 745.
