Rate cut lifts markets

The markets traded higher during the midday with the Dow gaining 57 points to 17,135 after the European Central Bank cut rates. Nasdaq climbed 25 points to 4,598.

On the upside

Taser International (Nasdaq: TASR) received orders for its next generation Smart Weapons from multiple law enforcement agencies.

Digital Ally (Nasdaq: DGLY) stock surged again in anticipation of significant wearable body camera sales.

The Food and Drug Administration granted 510(k) clearance to Stereotaxis (Nasdaq: STXS) to market its Vdrive(TM) Robotic Navigation System with V-Loop(TM) Variable Loop Catheter Manipulator.

On the downside

The Arbitration Tribunal for the ICC International Court of Arbitration found that American Superconductor (Nasdaq: AMSC) subsidiary AMSC Austria breached a license agreement with Ghodawat Energy and awarded Ghodawat approximately $11 million.

Investors locked in profits on Infinity Pharmaceuticals (Nasdaq: INFI).

Profit taking continued to sink shares of Image Sensing Systems (Nasdaq: ISNS).

In the broad market, advancing issues outpaced decliners by a margin of 2 to 1 on the NYSE and by nearly 5 to 2 on Nasdaq. The broader S&P 500 climbed 9 points to 2010. Bitcoin gained $15 to $490.