ECB explores bond purchases, markets open higher

The markets opened higher with the Dow climbing 77 points to 16,477 as the European Central Bank explored the possibility of purchasing corporate bonds. Nasdaq soared 49 points to 4,365.

On the upside

LiveDeal (Nasdaq: LIVE) chief executive Jon Isaac will buy up to 250,000 shares of common stock in open-market transactions.

Third quarter earnings fell for Harley-Davidson (NYSE: HOG) but the results were better than expected.

Neonode (Nasdaq: NEON) signed a technology development agreement with OEM.

On the downside

ARM Holdings (Nasdaq: ARMH) reported higher third quarter earnings but revenue fell short of expectations.

MagneGas (Nasdaq: MNGA) will issue 3 million shares of common stock to an institutional investor at the price of $1 per share.

Third quarter earnings rose for Graphic Packaging (NYSE: GPK) but the results missed expectations as revenue fell.

In the broad market, advancing issues outpaced decliners by a margin of 7 to 2 on the NYSE and by more than 2 to 1 on Nasdaq. The broader S&P 500 climbed 17 points to 1921. Bitcoin added $6 to $387.
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