Markets Advance At Midday

The markets advanced during the midday with the Dow soaring 113 points to 16,335. Nasdaq climbed 16 points to 4324.

On the upside

AT&T (NYSE: T) will offer free high speed Internet for up to a year to small businesses in Tennessee.

A Seeking Alpha contributor wrote that Aastrom Biosciences (Nasdaq: ASTM) was good investment.

Share of Q2 Holdings (Nasdaq: QTWO) soared in its market debut.

On the downside


Concerns that more California cities may adopt drilling band weighed down shares of Occidental Petroleum (NYSE: OXY).

Goldman Sachs downgraded Ameren (NYSE: AEE) from a Neutral rating to a Sell rating.

RadiSys (Nasdaq: RSYS) priced its public offering of 5.7 million common shares at the discounted price of $3.40 per share.

In the broad market, declining issues outpaced advancers by a margin of more than 5 to 4 on the NYSE while advancers edged out decliners by nearly 10 to 9 on Nasdaq. The broader S&P 500 rose 6 points to 1867. Bitcoin lost $20.96 or 3.45% to $587.00.

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