Mid-Morning Market Update: Markets Open Higher; Lockheed Martin Posts Upbeat Profit

Following the market opening Tuesday, the Dow traded up 0.62 percent to 15,487.15 while the NASDAQ surged 0.57 percent to 3,942.35. The S&P also rose, gaining 0.68 percent to 1,756.50.

Lockheed Martin

reported a

profit. Lockheed Martin's quarterly profit surged to $873 million, or $2.66 per share, up from $727 million, or $2.21 per share, in the year-ago period. Its earnings from continuing operations came in at $2.57 per share, up from $2.21 per share. Its revenue declined to $11.3 billion from $11.9 billion. However, analysts were estimating earnings of $2.27 per share on revenue of $11.15 billion. Lockheed Martin lifted its 2013 earnings outlook to a range of $9.40 to $9.70 per share.

Nu Skin Enterprises

shot up 15.40 percent to $118.52 after the company reported upbeat third-quarter earnings and issued a strong Q4 outlook. Shares of Netflix

got a boost, shooting up 8.16 percent to $383.95 after the company reported a

in its third-quarter profit and issued an upbeat earnings forecast for the current quarter. Analysts at Evercore Partners upgraded the stock from Underweight to Equal-Weight. VMware

was also up, gaining 8.48 percent to $89.66 on upbeat third-quarter profit.

Shares of Coach

were down 6.66 percent to $50.57 after the company reported a drop in its Q1 profit. E-Commerce China Dangdang

shares tumbled 10.33 percent to $10.41 after the company issued weak Q3 revenue forecast. Zions Bancorp

was down, falling 6.53 percent to $27.91 on Q3 results. Citigroup downgraded the stock from Buy to Neutral.

In commodity news,

to $99.17, while gold traded up 0.93 percent to $1,328.00. Silver traded up 0.55 percent Tuesday to $22.40, while copper rose 0.83 percent to $3.33.

European shares

today. The Spanish Ibex Index fell 0.38 percent, while Italy's FTSE MIB Index gained 0.58 percent. Meanwhile, the German DAX rose 0.65 percent and the French CAC 40 climbed 0.32 percent while U.K. shares climbed 0.42 percent.

The US economy added 148,000 jobs in September, while the country's unemployment rate fell to 7.2 percent from 7.3 percent. However, economists were expecting a gain of 180,000 jobs.

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