Midday movers: Coca-Cola, First Solar, Zynga
Stocks rise as the IMF raises its view on US and global growth prospects.
The only Dow decliner was Johnson & Johnson (JNJ), which reported adjusted earnings that beat expectations but revenue below the Street's forecast.
Goldman Sachs (GS) was nearly flat despite earnings and revenue that beat expectations, and an increase in its quarterly dividend to 46 cents from 35 cents.
Among the notable gainers were First Solar (FSLR), up nearly 13%, after it announced plans to cut its global workforce by approximately 2,000 positions, or about 30%, in response to conditions in Europe, and Denison Mines (DNN), up almost 15%, after agreeing to sell its mining assets and operations located in the U.S. to Energy Fuels.
Noteworthy losers included Apollo Residential Mortgage (AMTG), down 6%, after filing to sell 13.9 million shares of its common stock, and Zynga (ZNGA), down more than 3% amid reports that its newly acquired Draw Something game has seen its daily active use fall off.
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As the market wades through what many people hope is a sixth bull year, some have grown nervous about how long the run can go.
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