Markets Advance As Fed Meets
On the upside
German researchers reported that cancer patients receiving heat treatment in addition to chemotherapy fared better. BSD Medical (Nasdaq: BSDM), maker of heat treatment system used in the study, stock soared.
Dana Holding (NYSE: DAN) will offer 27 million common shares to raise approximately $178.3 million.
Vimpelcom (NYSE: VIP) will repurchase up to $320 million worth of its bonds.
On the downside
A Food and Drug Administration advisory committee will review CombinatoRx's (Nasdaq: CRXX) pain treatment Exalgo.
American Airlines parent AMR (NYSE: AMR) will offer 30 million shares of common stock and $250 million in convertible senior notes.
Raymond James analyst John Ransom downgraded Rite Aid (NYSE: RAD) saying that second quarter earnings will disappoint.
In the broad market, advancing issues outpaced decliners by a margin of nearly 5 to 2 on the NYSE and by a margin of 7 to 5 on Nasdaq. The Russell 2000 which tracks small cap stocks rose 4 points to 620.
