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Gains extended even as home sales fall

Existing home sales fell in November but the markets extended its gains during the midday with the Dow surging 100 points to 17,905. Nasdaq rose 13 points to 4,778.

On the upside

DryShips (Nasdaq: DRYS) elected three new directors to its board and appointed Ernst & Young as its independent auditor.

Radius Health (Nasdaq: RDUS) reported positive results from a Phase 3 clinical trial of abaloparatide-SC in reducing fractures in postmenopausal osteoporosis.

Shares of Herzfeld Caribbean Basin (Nasdaq: CUBA) continued soaring.

On the downside

Altisouce Portfolio Solutions (Nasdaq: ASPS) announced the departure of William C. Erbey as director and chairman of the board.

SGOCO Group (NYSE: SGOC) reported sharply lower interim revenue and a loss for the first half of the year.

Falling crude oil prices weighed down shares of Ultra Petroleum (NYSE: UPL).

In the broad market, advancing issues outpaced decliners by a margin of nearly 10 to 9 on the NYSE and by 5 to 4 on Nasdaq. The broader S&P 500 added 2 points to 2073. Bitcoin rose $9 to $330.

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