MARKET PULSE-NQ Mobile, Ocean Power, Zalicus, Arctic Cat, Covanta
Oct 24 (Reuters) - U.S. stocks edged higher on Thursday, continuing the market's recent upward trend as expectations for steady accommodative monetary policy for the foreseeable future offset a mixed batch of earnings and economic data. The Dow Jones industrial average was up 0.44 percent. The Standard & Poor's 500 Index was up 0.16 percent. The Nasdaq Composite Index was up 0.47 percent.
** NQ MOBILE INC, $12.04, down 47.4 pct (2:24 p.m. ET)
Muddy Waters Research Group, owned by short-seller Carson Block, started coverage of the mobile internet company with a "strong sell" rating, calling it a "massive fraud." The stock fell as much as 63 percent.
** OCEAN POWER TECHNOLOGIES INC, $2.65, up 61 pct (1:00 p.m. ET)
The company, which developes systems to generate electricity from ocean waves, said it had signed a deal with Mitsui Engineering & Shipbuilding Co Ltd to sell Ocean Power's PowerBuoy systems in Japan, the Philippines, Malaysia, Vietnam, Mozambique, South Africa and Namibia for which Ocean Power will receive royalty payments.