BUZZ-U.S. Stocks on the Move-Northern Trust, Boulder Brands, Nanosphere
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U.S. stocks edged higher on Wednesday, with major indexes up for a fifth straight day as technology companies rallied again on strong results. The Dow Jones industrial average was up 0.18 percent at 16,645.18, the S&P 500 was up 0.36 percent at 1,948.22 and the Nasdaq Composite was up 0.31 percent at 4,433.002.
** YAHOO INC, $42.431, +5.60 pct
At least nine brokerages raised their price targets on the online search and advertising company's stock by as much as $10 to a high of $53.
The company's third-quarter revenue beat Wall Street's target as revenue from Yahoo's search business rose 4 percent.
Chief Executive Marissa Mayer spent much of Tuesday's earnings call highlighting improvements in Yahoo's mobile business, the benefits from acquisitions and billions of dollars in buybacks.
** BROADCOM CORP, $40.04, +7.26 pct Continued...