Flat close as ECB mulls rates

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The markets closed flat with the Dow rising 15 points to 17,122 as the European Central Bank appeared less likely to lower interest rates. Nasdaq eased a point to 4569.

On the upside 

Shares of Amicus Therapeutics (Nasdaq: FOLD) continued soaring after reporting successful late stage trial results last week.

Mobileye (NYSE: MBLY) stock extended its gains from yesterday.

Michaels (Nasdaq: MIK) fell to a loss for the second quarter but the results were better than expected.

On the downside 

Investors locked in profits on China Finance Online (Nasdaq: JRJC).

Vapor (Nasdaq: VPCO) ended its asset purchase agreement with International Vapor Group.

Janney Capital Markets downgraded Facebook (Nasdaq: FB) from a Buy rating to a Neutral rating. 

In the broad market, advancing issues outpaced decliners by a margin of more than 9 to 7 on the NYSE while decliners edged out advancers by 9 to 7 on Nasdaq. The broader S&P 500 held steady at 2000. Bitcoin rose $5 to $513.

The markets traded flat during the midday with the Dow rising 13 points to 17,119 as S&P hovered near its record 2000 close. Nasdaq edged up a fraction to 4571.

On the upside 

TubeMogul (Nasdaq: TUBE) swung to an unexpected profit for the second quarter as revenue more than doubled.

China's National Quality Control & Inspection Center for Buses approved Highpower International's (Nasdaq: HPJ) 20Ah lithium-ion battery.

NetSol Technologies (Nasdaq: NTWK) signed a $16 million contract to implement its next generation software platform NFS Ascent.

On the downside 

Digital Ally (Nasdaq: DGLY) announced a private placement of $4 million in senior convertible notes.

Fourth quarter earnings plunged for Solera Holdings (NYSE: SLH).

Profit taking sank shares of Autohome (NYSE: ATHM). 

In the broad market, advancing issues outpaced decliners by a margin of nearly 5 to 4 on the NYSE while decliners edged out advancers by nearly 5 to 4 on Nasdaq. The broader S&P 500 held steady at 2000. Bitcoin added $3 to $511.

Flat open after S&P 500 record

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The markets opened flat with the Dow adding 2 points to 17,109 after S&P 500 set a record close. Nasdaq lost 4 points to 4566.

On the upside 

Second quarter earnings and revenue for Express (NYSE: EXPR) topped analyst estimates prompting the specialty apparel retailer to lift its full year earnings outlook.

Shares of Image Sensing Systems (Nasdaq: ISNS) continued rising.

Aruba Networks (Nasdaq: ARUN) narrowed fourth quarter losses more than expected as revenue rose.

On the downside 

First quarter earnings and revenue fell for Smith & Wessen (Nasdaq: SWHC) prompting the firearms maker to cut its full year outlook.

Yingli Green Energy (NYSE: YGE) narrowed second quarter losses but the results fell short of analyst expectations.

Chico's FAS (NYSE: CHS) disappointed with lower second quarter earnings and revenue that missed estimates. 

In the broad market, advancing issues outpaced decliners by a margin of 10 to 9 on the NYSE while decliners edged out advancers by more than 7 to 5 on Nasdaq. The broader S&P 500 slipped 2 points to 1998. Bitcoin added $3 to $511.

S&P closes at record 2000

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While the Dow advanced modestly by gaining 29 points to 17,106 as investors continued to monitor global developments, S&P 500 added 2 points to close at a record 2000. Nasdaq rose 13 points to 4570.

On the upside 

Deutsche Bank analysts said that Arrowhead Research (Nasdaq: ARWR) was a good target for an acquisition.

Zacks Equity Research noted that Catalyst Pharmaceutical Partners (Nasdaq: CPRX) was a stock worth watching.

Acquisition speculation lifted shares of Isis Pharmaceuticals (Nasdaq: ISIS).

On the downside 

First quarter earnings plunged for iKang Healthcare Group (Nasdaq: KANG) on a per share basis.

Prospect Capital (Nasdaq: PSEC) disappointed with lower fourth quarter net income.

Xueda Education Group (Nasdaq: XUE) reported lower second quarter earnings even as revenue rose. 

In the broad market, advancing issues outpaced decliners by a margin of 2 to 1 on the NYSE and by nearly 2 to 1 on Nasdaq. The broader S&P 500 added 2 points to close at a record 2000. Bitcoin rose $5 to $508.

The markets traded higher during the midday with the Dow rising 46 points to 17,123 over a record jump in durable goods orders. Nasdaq gained 10 points to 4567.

On the upside 

Digital Ally (Nasdaq: DGLY) stock climbed for the fourth day in a row.

A Bloomberg report that China may invest $16 billion to build electric vehicle charging stations lifted shares of Kandi Technologies (Nasdaq: KNDI).

Shares of Image Sensing Systems (Nasdaq: ISNS), which makes image processing products for traffic management systems, climbed as tensions in Ferguson, Missouri continued two and a half weeks after the fatal shooting of Michael Brown.

On the downside 

Adept Technology (Nasdaq: ADEP) widened losses for the fourth quarter.

Doral Financial (NYSE: DRL) failed to settle tax claims against the Treasury Department of Puerto Rico.

Sanderson Farms (Nasdaq: SAFM) reported higher third quarter earnings and revenue but the results fell short of analyst expectations. 

In the broad market, advancing issues outpaced decliners by a margin of 2 to 1 on the NYSE and by more than 5 to 3 on Nasdaq. The broader S&P 500 rose 3 points to 2001. Bitcoin gained $9 to $512.

A strong 22.6% surge in durable goods orders lifted the markets to a higher open with the Dow gaining 44 points to 17,120. Nasdaq rose 6 points to 4564.

On the upside 

Burger King (NYSE: BKW) will pay approximately $11 billion in cash and stock to acquire Canadian coffee and doughnut chain Tim Hortons (NYSE: THI).

Kite Pharma (Nasdaq: KITE) reported upbeat results from an ongoing Phase 1-2a clinical trial of its non-Hodgkin's lymphoma treatment KTE-C19.

Second quarter earnings and revenue surpassed analyst expectations for DSW (NYSE: DSW) prompting the discount shoes retailer to lift its full year earnings outlook.

On the downside 

Trina Solar (NYSE: TSL) swung to a profit for the second quarter but revenue fell short of analyst expectations.

Shares of Qihoo 360 Technology (NYSE: QIHU) extended its losses.

Best Buy (NYSE: BBY) reported sharply lower second quarter earnings as revenue fell. 

In the broad market, advancing issues outpaced decliners by a margin of 2 to 1 on the NYSE and by nearly 5 to 3 on Nasdaq. The broader S&P 500 added 3 points to 2001. Bitcoin rose $5 to $508.

Stimulus speculation lifts markets

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Speculation that the European Central Bank would enact economic stimulus measures lifted the markets to a higher close with the Dow gaining 75 points to 17,076. Nasdaq climbed 18 points to 4557.

On the upside 

Life Time Fitness (NYSE: LTM) has begun exploring the possibility of converting into a Real Estate Investment Trust.

Shares of China HGS Real Estate (Nasdaq: HGSH) extended its gains.

UBS said that Achillion Pharmaceuticals (Nasdaq: ACHN) may be a possible candidate for an acquisition.

On the downside 

China Ming Yang Wind Power Group (NYSE: MY) reversed year ago losses to post a profit for the second quarter but the stock price fell.

TheStreet cited multiple weaknesses for rating Molycorp (NYSE: MCP) a Sell.

Shares of Quicksilver Resources (NYSE: KWK) slipped after Market Realist wrote that natural gas prices have been falling. 

In the broad market, advancing issues outpaced decliners by a margin of nearly 5 to 3 on the NYSE and by nearly 7 to 5 on Nasdaq. The broader S&P 500 gained 9 points to 1997. Bitcoin lost $6 to $502.

Markets climb as S&P 500 tops 2000

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The market traded higher during the midday with the Dow climbing 96 points to 17,097 as the S&P 500 topped 2000 for the first time this morning. Nasdaq rose 21 points to 4560.

On the upside 

The Patent Trial and Appeal Board upheld the validity of a Netlist (Nasdaq: NLST) patent.

Advaxis (Nasdaq: ADXS) entered a collaboration agreement with Merck.

Shares of Autohome (NYSE: ATHM) continued rising.

On the downside 

GrubHub (NYSE: GRUB) will sell 10 million common shares through a public offering.

Profit taking weighed down shares of TrueCar (Nasdaq: TRUE).

Investors locked in profits on Parkervision (Nasdaq: PRKR). 

In the broad market, advancing issues outpaced decliners by a margin of nearly 7 to 3 on the NYSE and by more than 2 to 1 on Nasdaq. The broader S&P 500 climbed 11 points to 1999. Bitcoin lost $6 to $501.

M&A activity boosts markets

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Merger and acquisition activity boosted the markets to a sharply higher open with the Dow soaring 101 points to 17,103. Nasdaq gained 27 points to 4565.

On the upside 

Roche will pay a premium of approximately $8.3 billion in cash to purchase InterMune (Nasdaq: ITMN).

Burger King (NYSE: BKW) engaged in negotiations to acquire Tim Hortons (NYSE: THI).

Shares of Digital Ally (Nasdaq: DGLY) surged again in anticipation of significant orders from law enforcement agencies for the company's body camera.

On the downside 

Qihoo 360 Technology (NYSE: QIHU) reported higher second quarter earnings as revenue surged but margins fell.

Regado Biosciences (Nasdaq: RGDO) ended a Phase 3 trial of its coronary artery disease treatment Revolixys due to safety concerns.

58.com (NYSE: WUBA) stock extended its losses. 

In the broad market, advancing issues outpaced decliners by a margin of more than 5 to 2 on both the NYSE and on Nasdaq. The broader S&P 500 climbed 11 points to 1999. Bitcoin slipped $5 to $503.

Ukraine disputed Russian claims that a convoy of trucks that entered Ukraine was transporting humanitarian aid. The markets closed mixed with the Dow falling 38 points to 17,001 while Nasdaq rose 6 points to 4538.

On the upside 

Heat Biologics (Nasdaq: HTBX) widened second quarter losses but the biopharmaceutical reported encouraging preliminary Phase 1 safety data for its bladder cancer treatment Vesigenurtacel-L.

Bargain hunters lifted shares of Autohome (NYSE: ATHM).

Shares of Amicus Therapeutics (Nasdaq: FOLD) extended its gains.

On the downside 

Real Goods Solar (Nasdaq: RGSE) stock fell again after posting a wider loss earlier this week.

Investors locked in profits on Cisco (Nasdaq: CSCO).

Canaccord Genuity downgraded Cyberonics (Nasdaq: CYBX) from a Buy rating to a Hold rating. 

In the broad market, declining issues outpaced advancers by a margin of more than 3 to 2 on the NYSE while advancers edged out decliners by nearly 10 to 9 on Nasdaq. The broader S&P 500 lost 3 points to 1988. Bitcoin slipped $3 to $515.

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