MARKET PULSE-ParkerVision, NQ Mobile, Ocean Power, Zalicus, Timken

Thu Oct 24, 2013 3:30pm EDT
 
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(For more market insights, including options activity, click on ; for the Day Ahead newsletter link.reuters.com/mex49s; for the Morning News Call newsletter, link.reuters.com/nex49s)

Oct 24 (Reuters) - U.S. stocks resumed their move higher on Thursday as optimism about monetary stimulus for the foreseeable future helped to offset mixed news on the economy and earnings. The Dow Jones industrial average was up 0.67 percent. The Standard & Poor's 500 Index was up 0.37 percent. The Nasdaq Composite Index was up 0.59 percent.

PARKERVISION INC, $3.01, down 57 pct (3:23 p.m. ET)

The chipmaker said a jury awarded it damages of $173 million from Qualcomm Inc for infringement of its patents but its shares fell more than 50 percent as it had sought damages of nearly $500 million.

** 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.

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