The markets closed higher with the Dow rising 15 points to 20,837 after President Donald Trump pledged to a group of governors that infrastructure spending will be "big." Nasdaq gained 16 points to 5,861.


On the upside


HTG Molecular Diagnostics (Nasdaq: HTGM) will begin offering its direct target sequencing chemistry in the company's VERI/O laboratory as a service beginning in the first quarter of 2017.


Novavax (Nasdaq: NVAX) narrowed losses for the fourth quarter.


ViewRay (Nasdaq: VRAY) received 510(k) clearance from the Food and Drug Administration to market its MRIdian Linac system.


On the downside


Four law firms have initiated investigations into Grana y Montego (NYSE: GRAM) for possible securities violations.


Shares of DryShip (Nasdaq: DRYS) fell for the sixth day. 

 

Retreating silver prices weighed down shares of Fortuna Silver Mines (NYSE: FSM) and Endeavour Silver (NYSE: EXK).


In the broad market, advancing issues outpaced decliners by a margin of more than 3 to 2 on the NYSE and by more than 5 to 3 on Nasdaq. The broader S&P 500 index added 2 points to 2,369. Bitcoin soared $21 to $1,184.


Wendy's to install self-ordering kiosks

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The markets traded higher during the midday with the Dow rising 25 points to 20,847. Nasdaq gained 10 points to 5,855.


Fast food chain Wendy's will install kiosks at approximately 1,000 locations nationwide for customers to place their food orders. An average of three kiosks will be installed at each location with more planned for high traffic restaurants. The move is expected to lower labor costs while improving customer experience and sales.


Trader Joe's has voluntarily recalled several varieties of its apple sauce after customer complained that small pieces of glass were found in the jars. The grocery store chain's brand of First Crush Unsweetened Gravenstein Apple Sauce with barcode 0015905, Organic Unsweetened Apple Sauce with barcode 00194877 and All Natural Unsweetened Apple Sauce with barcode 00014359 are all affected by the recall. Customers have been asked to either discard the product or return the product to a store for a full refund.


In response to competition from discount grocery chain Aldi, Wal-Mart commenced a price comparison test at approximately 1,200 stores across 11 Midwest and Southeastern states. Wal-Mart has also met with food vendors to seek price reductions. The world's largest private employer and the world's largest company by revenue is seeking the right product pricing that will attract more shoppers. 


In the broad market, advancing issues outpaced decliners by a margin of more than 3 to 2 on the NYSE and by more than 7 to 5 on Nasdaq. The broader S&P 500 index added 2 points to 2,369. Bitcoin soared $22 to $1,184.


Flat open as pending home sales fall

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The markets opened flat with the Dow adding 3 points to 20,825 as pending home sales fell in January. Nasdaq held steady at 5,845.


On the upside


La Jolla Pharmaceutical (Nasdaq: LJPC) reported positive results from the ATHOS-3 Phase 3 study of LJPC-501 in patients with catecholamine resistant hypotension.


Gogo (Nasdaq: GOGO) narrowed losses for the fourth quarter as revenue rose.


Cellectar Biosciences (Nasdaq: CLRB) provided an update of its Phase 1 clinical study of CLR 131 to treat relapsed or refractory multiple myeloma.


On the downside


Fourth quarter earnings for AmTrust Financial Services (Nasdaq: AFSI) fell short of expectations.


Shutterstock (NYSE: SSTK) reported fourth quarter earnings and revenue that missed expectations. 

 

BioCryst Pharmaceuticals (Nasdaq: BCRX) reported a loss for the fourth quarter.


In the broad market, advancing issues outpaced decliners by a margin of more than 7 to 5 on the NYSE and by nearly 5 to 3 on Nasdaq. The broader S&P 500 index eased a fraction to 2,366. Bitcoin climbed $12 to $1,175.


The markets rebounded to close modestly higher with the Dow adding 11 points to 20,821. Nasdaq rose 9 points to 5,845.


On the upside


Applied Optoelectronics (Nasdaq: AAOI) reported sharply higher fourth quarter earnings as revenue soared.


Fourth quarter earnings for Universal Display (Nasdaq: OLED) climbed as revenue rose.


Bargain hunters lifted shares of Build-A-Bear Workshop (NYSE: BBW).


On the downside


Function(x) (Nasdaq: FNCX) priced its public offering of approximately 4.57 million common shares at the discounted price of $1.05 per share.


Ashford Hospitality Trust (NYSE: AHT) widened losses for the fourth quarter. 

 

Zoe's Kitchen (NYSE: ZOES) fell to a loss for the fourth quarter.


In the broad market, advancing issues outpaced decliners by a margin of nearly 10 to 9 on the NYSE while decliners edged out advancers by 10 to 9 on Nasdaq. The broader S&P 500 index added 3 points to 2,367. Bitcoin slipped $1 to $1,163.


J.C. Penney to close up to 140 stores

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The markets traded lower during the midday with the Dow losing 38 points to 20,771. Nasdaq slipped 9 points to 5,826.


After a disappointing holiday quarter, J.C. Penney announced cost cutting measures that are expected to save approximately $200 million annually. The struggling retailer will close between 130 to 140 underperforming stores and offer voluntary retirement packages to 6,000 employees. A supply chain facility in Buena Park, California will also be sold.


J.D. Power and LMC Automotive reported that new auto sales are projected to edge up 0.6% in February from last year. Sales directly to consumers that exclude fleet sales to businesses, government agencies and rental companies will rise by 0.4%. Increased incentives have boosted sales.


Startup Embark introduced its self-driving truck that has been in development for nearly a year. Nevada granted the company permission to test self-driving commercial trucks on its public highways. Embark plans to develop fully automated trucks that do not use any human drivers during long stretches of highway. Human drivers will enter the truck to drive on city streets.


In the broad market, declining issues outpaced advancers by a margin of 4 to 3 on the NYSE and by more than 5 to 3 on Nasdaq. The broader S&P 500 index slipped 3 points to 2,360. Bitcoin soared $28 to $1,186.


January new home sales rose less than expected to weigh the markets down to a lower open with the Dow falling 54 points to 20,756. Nasdaq dropped 21 points to 5,814.


On the upside


Cempra (Nasdaq: CEMP) reported upbeat results from a Phase 3 study of oral fusidic acid to treat patients with acute bacterial skin and skin structure infections.


RH (NYSE: RH) reported better than expected earnings for the fourth quarter.


The Food and Drug Administration approved IntelliPharmaCeutics International's (Nasdaq: IPCI) abbreviated new drug application for metformin hydrochloride extended release tablets in the 500 mg and 750 mg strengths.


On the downside


North American Offshore (NYSE: NAO) upsized its public offering to 40 million common shares priced at the discounted price of $1.25 per share.


Hi-Crush Partners (NYSE: HCLP) priced its public offering of approximately 20 million units at a discount. 

 

Acacia Communications (Nasdaq: ACIA) reported impressive fourth quarter earnings and revenue but the company forecast current quarter results that fell short of analyst expectations.


In the broad market, declining issues outpaced advancers by a margin of nearly 7 to 3 on the NYSE and by more than 5 to 2 on Nasdaq. The broader S&P 500 index lost 7 points to 2,356. Bitcoin soared $25 to $1,182.


Mixed close despite Trump jobs pledge

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Despite rising crude oil prices and a pledge by President Donald Trump to bring back millions of jobs, the markets closed mixed with the Dow gaining 34 points to 20,810. Nasdaq lost 25 points to 5,835.


On the upside


Kemet (NYSE: KEM) will acquire Japanese passive electronic equipment maker NEC Tokin.


Cemtrex (Nasdaq: CETX) provided a robust business outlook.


Moody's downgraded Hornbook Offshore Services' (NYSE: HOS) Corporate Family Rating from Caa1 to Caa3 but the stock price climbed.


On the downside


Ocwen Financial (NYSE: OCN) reported a loss for the fourth quarter.


Fourth quarter earnings surged for Weibo (Nasdaq: WB) but the results fell short of expectations. 

 

QEP Resources (NYSE: QEP) widened losses significantly for the fourth quarter.


In the broad market, advancing issues outpaced decliners by a margin of more than 10 to 9 on the NYSE while decliners edged out advancers by more than 7 to 5 on Nasdaq. The broader S&P 500 index edged up a fraction to 2,363. Bitcoin soared $27 to $1,142.


More details about Amazon's new store

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The market traded mixed during the midday with the Dow gaining 58 points to 20,834. Nasdaq fell 25 points to 5,835.


Amazon is moving closer to opening its first drive-through grocery store with its recent application for a liquor license. The new store has been designed for efficiency with no shelves to display items. Customers place orders online then drive to the store during a 15-minute to two-hour pick-up window where a worker will deliver the groceries to the customer's car.


In anticipation of a blockbuster Snap initial public offering, the New York Stock Exchange will run a test of the messaging app's market debut this Saturday. Traders have been asked to submit sample orders to test the ability of the NYSE's software to handle the expected volume of transactions. The NYSE conducted trial runs of Twitter's IPO in 2013 and Alibaba's debut in 2014.


Norwegian Air Shuttle will expand the number of routes that it offers between the United States and Europe beginning in mid-June. Ticket prices will begin at $65 for one way flights to the United Kingdom and Ireland from smaller airports in the U.S. There will only be a very limited number of tickets offered at the extreme low price.


In the broad market, advancing issues outpaced decliners by a margin of nearly 10 to 9 on the NYSE while decliners edged out advancers by nearly 2 to 1 on Nasdaq. The broader S&P 500 index added a point to 2,364. Bitcoin soared $24 to $1,139.


Mixed open as jobless claims rise

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The market opened mixed with the Dow rising 17 points to 20,793 as first time applications for unemployment benefits rose. Nasdaq fell 27 points to 5,833.


On the upside


A judge ruled that Actives Laboratories' generic version of Zohydro ER infringed on patents held by Pernix Therapeutics (Nasdaq: PTX).


Square (NYSE: SQ) narrowed fourth quarter losses more than expected.


Over 1,000 customers in February paid for and completed training on Nova Lifestyle's (Nasdaq: NVFY) Nova-Mart.


On the downside


L Brands (NYSE: LB) forecast 2017 earnings that fell short of analyst expectations.


Arris International (Nasdaq: ARRS) will pay approximately $800 million in cash to acquire Ruckus Wireless and ICX Switch from Brocade Communication Systems. 

 

Ocean Rig (Nasdaq: ORIG) widened fourth quarter losses significantly as revenue plunged.


In the broad market, advancing issues outpaced decliners by a margin of more than 10 to 9 on the NYSE while decliners edged out advancers by more than 5 to 3 on Nasdaq. The broader S&P 500 index slipped 2 points to 2,360. Bitcoin soared $25 to $1,140.


Sales of existing homes climbed more than expected but the markets closed mixed with the Dow rising 32 points to 20,775 as an interest rate hike loomed. Nasdaq lost 5 points to 5,860.


On the upside


Lantheus Holdings (Nasdaq: LNTH) reported higher fourth quarter earnings as revenue rose.


Ternium (NYSE: TX) will buy CSA Siderurgica do Altantico from thyssenkrupp.


Depomed (Nasdaq: DEPO) reported higher fourth quarter revenue.


On the downside


Seeking Alpha alleged that Cemtrex (Nasdaq: CETX) deceived shareholders, paid stock promoters and engaged in fraud.


Profit taking weighed down shares of DryShips (Nasdaq: DRYS). 

 

Entellus Medical (Nasdaq: ENTL) widened losses for the fourth quarter.


The broader S&P 500 index slipped 2 points to 2,362. Bitcoin rose $5 to $1,111.


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