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) rose over 3% after its earnings beat consensus. Among other large-cap names reporting earnings, Allstate
), Pioneer Natural Resources
) and Allergan
) advanced, while Mastercard
) and Devon Energy
) plunged nearly 20% after experiencing processing delays that impacted a number of stocks Wednesday morning. The New York Stock Exchange
) announced that it was reviewing trades in 148 symbols between 9:30 a.m. and 10:15 a.m. ET but the exchange said the stock swings were not related to a problem on their end, according to CNBC.
Among the notable gainers were Frontier Communications
), up 12%, after its earnings beat expectations, and InterDigital
), up 16%, after an appeals court overturned a previous ruling that found Nokia
) did not infringe its patents. Nokia shares remained 6% higher after the news, continuing a recent run of advances.
Among the noteworthy losers were ServiceSource
), down 27%, as the stock was downgraded at Northland following its Q2 report, and Digital River
), down 26%, after disappointing with its guidance and being downgraded at Raymond James.