News of Federal Reserve plans to end bond purchases was received by
investors as a sign of economic strength.   The Dow opened higher and
finished the session at 16,985, up 78 points.   Nasdaq climbed 27 points
to close at 4,419.

On the upside

Shares
of Pixelworks (Nasdaq: PXLW) rose sharply on renewed speculation that
revenues attributed to an unnamed partner is likely to be Apple (Nasdaq:
AAPL).

AeroVironment, Inc. (Nasdaq: AVAV) reported higher quarterly revenues and earnings for the drone manufacturer.

Mexican
telecommunications giant America Movil (NYSE: AMX) announced plans to
sell off assets to bring its market share below 50% in Mexico.

On the downside

Gigamon,
(Nasdaq: GIMO), a provider of network traffic solutions lowered its
guidance for the current quarter.   Analysts promptly downgraded the
stock.

Investors sold off on flooring retailer Lumber Liquidators (NYSE: LL) which lowered its 2004 revenue and earnings outlook.

Shares of TherapeuticsMD (Nasdaq: TXMD) gave up some of yesterday’s gains following an upgrade from FBR Capital.

In
the broad market, advancing issues outpaced decliners by a margin of
more than 4 to 3 on the NYSE and by nearly the same on Nasdaq. The
broader S&P 500 rose 9 points to 1972. Bitcoin fell $2 to $619.