Midday movers: Gilead, Kraft, LinkedIn

The S&P 500 breaks above 1,600 and the Dow eclipses 15,000 after the government reports stronger-than-expected jobs figures for April.

By MSN Money Partner May 3, 2013 1:37PM
Wall Street sign copyright Corbis, SuperStocklogoInformation provided by Theflyonthewall.com

Among large cap companies reporting earnings, Gilead (GILD) advanced over 6% and Kraft Foods (KRFT) gained nearly 6%, while LinkedIn (LNKD) fell 10%. 

Among the notable gainers was Procera Networks (PKT), which surged 28% after the company reported earnings and announced multi-million dollar follow-on orders and research firm Pacific Crest said shares could double in the next year. 

Also higher were shares of MBIA (MBIA), which rose 10% after the company settled a lawsuit against Flagstar Bancorp (FBC) in exchange for $110M in cash and other considerations. 

Among the noteworthy losers was Chemed (CHE), which tumbled 18% after the company was sued by the Justice Department for allegedly submitting false Medicare claims. 

Also lower were shares of Arena Pharmaceuticals (ARNA), which fell 10% after the company reported earnings and also announced it had withdrawn Belviq's marketing application in the EU. 

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