Markets Open Higher Ahead Of Wholesale Data

The markets opened higher with the Dow rising 47 points to 9987 ahead of wholesale inventories and sales data. Nasdaq gained 11 points to 2182.

On the upside

Take-Two Interactive (NYSE: TTWO) reversed year ago losses to post a better than expected profit for the second quarter.

Ciena (Nasdaq: CIEN) narrowed second quarter losses.

Teoco will pay approximately $58 million in cash to acquire TTI Team Telecom (Nasdaq: TTIL).

On the downside

Allscripts-Misys Healthcare Solutions (Nasdaq: MDRX) will acquire Eclipsys (Nasdaq: ECLP) in an all stock deal valued at approximately $1.3 billion.

France Telecom chief executive Stephane Richard said that Nokia (NYSE: NOK) is losing market share in Europe to Apple's (Nasdaq: AAPL) iPhone.

Ambac Financial (NYSE: ABK) warned that it may have to file for bankruptcy protection.

In the broad market, advancing issues outpaced decliners by a margin of nearly 7 to 2 on the NYSE and by more than 3 to 1 on Nasdaq. The Russell 2000 which tracks small cap stocks gained 5 points to 622.