Higher Close As Home Sales Drop Less Than Expected

March 23, 2010 1:35 PM |
The markets advanced to close higher with the Dow surging 102 points to 10,888 as sales of existing homes slipped less than anticipated. Nasdaq climbed 19 points to 2415.

 

On the upside

World Heart (Nasdaq: WHRT) announced that the University of Utah successfully implanted its first Levacor Ventricular Assist Device.

Perrigo (Nasdaq: PRGO) will pay $808 million in cash to acquire PBM, the world's biggest maker of store branded infant formula.

Dynavax Technologies (Nasdaq: DVAX) reported that its HEPLISAV hepatitis B vaccine was just as safe as approved vaccine Engerix-B.

On the downside

Beckman Coulter (NYSE: BEC) must obtain new Food and Drug Administration approval for its heart attack test system.

Digital Ally (Nasdaq: DGLY) swung to a profit for the fourth quarter but posted a loss for the year.

Annaly Capital Management (NYSE: NLY) will pay a quarterly dividend of $0.65 per share on April 28, 2010 to shareholders of record March 30, 2010.

In the broad market, advancing issues outpaced decliners by a margin of 5 to 2 on the NYSE and by more than 2 to 1 on Nasdaq. The Russell 2000 which tracks small cap stocks climbed 7 points to 690.

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This page contains a single entry by published on March 23, 2010 1:35 PM.

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