Loan Agreement For Greece Lifts Markets To Higher Close
Merger and acquisition news along with European loan agreements for Greece lifted the markets to a modestly higher close with the Dow adding 8 points to 11,005, closing above 11,000 for the first time in eighteen months. Nasdaq rose 3 points to 2457.
On the upside
Seacoast Banking (Nasdaq: SBCF) completed a $50 million placement of convertible preferred stock.
Double-Take Software (Nasdaq: DBTK) received several unsolicited acquisition offers.
Fannie Mae (NYSE: FNM) will sell $5 billion in three and six month bills on Wednesday.
On the downside
TheStreet expects Icici Bank (NYSE: IBN) to outperform other India stocks.
Alphatec Holdings (Nasdaq: ATEC) will offer 16 million common shares.
Helios Strategic (NYSE: HSM) lowered its monthly dividend to $0.0560 per share from $0.0725 per share payable on April 29, 2010 to shareholders of record April 23, 2010.
In the broad market, advancing issues outpaced decliners by a margin of 7 to 5 on the NYSE and by nearly 9 to 7 on Nasdaq. The Russell 2000 which tracks small cap stocks rose 2 points to 705.
