May 2014 Archives

It was a mixed close for the markets on the final trading day of May with the Dow rising 18 points to 16,717. Nasdaq lost 5 points to 4,242.

On the upside 

Attiva Capital Partners increased it stake in Doral Financial (NYSE: DRL) from 4.89% to 5.65%.

Shares of Cheetah Mobile (NYSE: CMCM) climbed ahead of its earning release on Monday.

Sky-mobi (Nasdaq: MOBI) will repurchase up to $20 million worth of common American depositary shares.

On the downside 

Glu Mobile (Nasdaq: GLUU) priced its public offering of 8.575 million common shares at the discounted price to $3.50 per share.

Annie's (NYSE: BNNY) reported higher fourth quarter earnings and revenue but the results fell short of analyst expectations and the company forecast 2015 income that missed estimates.

Profit taking weighed down shares of xG Technology (Nasdaq: XGTI).

In the broad market, advancing issues outpaced decliners by a margin of nearly 10 to 9 on the NYSE while decliners barely edged out advancers by nearly 5 to 3 on Nasdaq. The broader S&P 500 added 3 points to 1923. Bitcoin gained $42.40 or 6.99% to $606.64.

Consumer spending fell last month to weigh the markets down during the midday with the Dow slipping 16 points to 16,682. Nasdaq lost 3 points to 4,244.

On the upside 

Big Lots (NYSE: BIG) reported better than expected earnings for the first quarter.

FT Alphaville said that Shire (Nasdaq: SHPG) may make an offer for NPS Pharmaceuticals (Nasdaq: NPSP).

RadioShack (NYSE: RSH) extended its gains.

On the downside 

Lions Gate (NYSE: LGF) disappointed with lower fourth quarter earnings and revenue that missed analyst expectations.

First quarter earnings plunged for Express (NYSE: EXPR) to fall far short of analyst expectations and the retailer warned of losses for the second quarter.

Pacific Sunwear (Nasdaq: PSUN) narrowed losses for the first quarter but the company forecast second quarter earnings and revenue below analyst expectations.

In the broad market, advancing issues outpaced decliners by a margin of nearly 10 to 9 on the NYSE while delivers barely edged out advancers by nearly 10 to 9 on Nasdaq. The broader S&P 500 edged up a fraction to 1921. Bitcoin gained $38.00 or 6.31% to $602.25.

The markets opened lower with the Dow losing 22 points to 16,676 as investors await European Central Bank policy changes next week. Nasdaq slipped 2 points to 4,245.

On the upside 

OmniVision Technologies (Nasdaq: OVTI) reported sharply higher fourth quarter earnings that surpassed analyst expectations by a wide margin and forecast current quarter results above estimates.

NQ Mobile (NYSE: NQ) lifted its first quarter revenue outlook and entered an agreement to sell a minority interest in its wholly owned subsidiary FL Mobile.

Retrophin (Nasdaq: RTRX) entered a license agreement with Mission Pharmacal for the U.S. marketing rights to Thiola.

On the downside 

Infoblox (NYSE: BLOX) widened losses for the third quarter and announced the departure of chief executive Robert Thomas.

DARA BioSciences (Nasdaq: DARA) priced its public offering at $1.11 per share.

Splunk (Nasdaq: SPLK) widened losses for the first quarter.

In the broad market, advancing issues outpaced decliners by a margin of nearly 10 to 9 on the NYSE while delivers barely edged out advancers by nearly 10 to 9 on Nasdaq. The broader S&P 500 added a point to 1921. Bitcoin gained $43.08 or 7.09% to $607.32.

The nation's economy contracted more than expected in the first quarter, but the markets closed higher with the Dow gaining 65 points to 16,698. Nasdaq climbed 22 points to 4,247.

On the upside 

InterCloud Systems (Nasdaq: ICLD) will present at the LD Micro Invitational on Wednesday, June 4, 2014 in Los Angeles.

Popeyes Louisiana Kitchen (Nasdaq: PLKI) reported higher first quarter earnings that topped analyst expectations and lifted its full year guidance.

BlackBerry (Nasdaq: BBRY) chief executive John Chen said that the odds of the company successfully completing its turnaround efforts have improved to 80%.

On the downside 

Renewable Energy Group (Nasdaq: REGI) will offer $125 million worth of convertible senior notes.

Investors locked in profits of Jumei International Holding (NYSE: JMEI).

The Carlyle Group will sell 10 million common shares of Booz Allen Hamilton (NYSE: BAH).

In the broad market, advancing issues outpaced decliners by a margin of nearly 2 to 1 on the NYSE and by more than 9 to 7 on Nasdaq. The broader S&P 500 gained 10 points to close at a record 1920. Bitcoin slipped $5.12 or 0.91% to $561.08.

Despite a contraction of the nation's economy in the first quarter, the markets advanced during the midday with the Dow rising 21 points to 16,654. Nasdaq gained 14 points to 4,239.

On the upside 

Lockheed Martin will pay $61 million for Astrotech's (Nasdaq: ASTC) Astrotech Space Operations business.

An investor purchased 20,000 calls on RadioShack (NYSE: RSH).

Shares of Ventrus Biosciences (Nasdaq: VTUS) soared on no news.

On the downside 

NQ Mobile (NYSE: NQ) shares continued falling despite announcing two development and partnership deals yesterday.

Tilly's (NYSE: TLYS) disappointed with sharply lower first quarter earnings and forecast second quarter earnings well below analyst estimates.

Profit taking weighed down shares of LiveDeal (Nasdaq: LIVE).

In the broad market, advancing issues outpaced decliners by a margin of more than 7 to 5 on the NYSE and by nearly 5 to 4 on Nasdaq. The broader S&P 500 rose 5 points to 1915. Bitcoin slipped $5.78 or 1.03% to $560.41.

The markets opened mixed with the Dow slipping 6 points to 16,627 as the nation's economy contracted at a 1% annual rate for the first quarter. Nasdaq rose 5 points to 4,231.

On the upside 

Tyson Foods (NYSE: TSN) offered $6.2 billion for Hillshire Brands (NYSE: HSH), which topped the $5.58 billion bid by Pilgrim's Pride (Nasdaq: PPC).

xG Technology (Nasdaq: XGTI) received a new patent for interference mitigation techniques.

Palo Alto Networks (NYSE: PANW) widened third quarter losses but revenue soared and the company settled a patent suit with Juniper Networks prompting upgrades.

On the downside 

Spherix (Nasdaq: SPEX) announced a $20 million registered direct offering.

ReneSola (NYSE: SOL) narrowed first quarter losses but revenue fell short of analyst expectations.

Investors locked in profits of DARA BioSciences (Nasdaq: DARA).

In the broad market, advancing issues outpaced decliners by a margin of more than 2 to 1 on the NYSE and by more than 5 to 3 on Nasdaq. The broader S&P 500 added 2 points to 1911. Bitcoin slipped $3.16 or 0.56% to $563.03.

The markets closed lower with the Dow falling 42 points to 16,633 as unemployment in Germany unexpectedly rose. Nasdaq lost 11 points to 4,225.

On the upside 

Shares of Magnegas (Nasdaq: MNGA) climbed ahead of its presentation at the 3rd Annual Marcum MicroCap conference tomorrow.

DARA BioSciences (Nasdaq: DARA) stock nearly doubled on no news.

The Wall Street Journal reported that Synaptics (NYSE: SYNA) was finalizing a deal to purchase Renesas SP Drivers.

On the downside 

Daktronics (Nasdaq: DAKT) disappointed with flat fourth quarter earnings that fell far short of analyst expectations.

Profit taking weighed down shares of Spectranetics (Nasdaq: SPNC).

Apollo Global Management will sell 15 million shares of Rexnord (NYSE: RXN).

In the broad market, advancing issues outpaced decliners by a margin of 10 to 9 on the NYSE while decliners edged out advancers by nearly 5 to 3 on Nasdaq. The broader S&P 500 slipped 1 points to 1909. Bitcoin lost $6.12 or 1.08% to $564.01.

Market slip at midday

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The markets recovered early morning losses but continued trading in negative territory during the midday with the Dow losing 16 points to 16,658. Nasdaq slipped 2 points to 4,234.

On the upside 

LiveDeal (Nasdaq: LIVE) will be added to Morgan Stanley Capital International's exclusive Global Index after market close on Friday, May 30, 2014.

Stifel Nicolaus resumed coverage of FuelCell Energy (Nasdaq: FCEL) with a Buy rating. Shares of fellow fuel cell companies Ballard Power (Nasdaq: BLDP) and Plug Power (Nasdaq: PLUG) also climbed.

FormFactor (Nasdaq: FORM) lifted its second quarter outlook prompting an upgrade.

On the downside 

Profit taking weighed down shares of NewLead Holdings (Nasdaq: NEWL).

FX Energy (Nasdaq: FXEN) reported gas volume estimates for the Tuchola field in Poland.

Sungy Mobile (Nasdaq: GOMO) reported higher first quarter earnings but the results fell short of analyst expectations and the company forecast current quarter revenue below estimates.

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 more than 7 to 5 on Nasdaq. The broader S&P 500 added a point to 1913. Bitcoin lost $6.66 or 1.18% to $563.47.

The markets opened lower with the Dow falling 40 points to 16,635 as investors locked in profits from yesterdays highs. Nasdaq lost 9 points to 4,227.

On the upside 

Spherix (Nasdaq: SPEX) extended its gains.

Aspen Investment may purchase Vivus (Nasdaq: VVUS) for $640 million.

Shares of Prana Biotechnology (Nasdaq: PRAN) continued rising on no news.

On the downside 

DSW (NYSE: DSW) reported higher first quarter earnings but the results fell short of analyst expectations prompting the company to lower its full year outlook.

3D Systems (NYSE: DDD) priced its public offering of 5.95 million common shares at a discounted price of $53.25 per share.

The Wet Seal (Nasdaq: WTSL) fell to a loss for the first quarter as revenue dropped and the company forecast a greater than expected loss for the second quarter.

In the broad market, declining issues outpaced advancers by a margin of more than 9 to 7 on the NYSE and by more than 2 to 1 on Nasdaq. The broader S&P 500 slipped 2 points to 1909. Bitcoin lost $4.56 or 0.81% to $565.57.

Durable goods orders rose unexpectedly last month to boost the markets to a higher close with the Dow gaining 69 points to 16,675. Nasdaq soared 51 points to 4,237.

On the upside 

Shares of Prana Biotechnology (NYSE: PRAN) suddenly soared in late afternoon trading even though there was no news from or about the company.

North Atlantic Drilling (NYSE: NADL) and Seadrill (NYSE: SDLP) entered an agreement with Russia's Rosneft to expand their presence in Russia.

A Seeking Alpha article said that Celldex Therapeutics (Nasdaq: CLDX) was undervalued.

On the downside 

Profit taking weighed down shares of Wave Systems (Nasdaq: WAVX).

Kerrisdale Capital Management holds a short position on Cardtronics (Nasdaq: CATM) saying that the company was overvalued.

Investors continued to lock in profits on Clovis Oncology (Nasdaq: CLVS).

In the broad market, advancing issues outpaced decliners by a margin of more than 2 to 1 on the NYSE and by nearly 3 to 1 on Nasdaq. The broader S&P 500 climbed 11 points to close at a record 1911. Bitcoin slipped $5.52 or 0.97% to $572.00.

The markets traded higher during the midday with the Dow gaining 61 points to 16,668 as durable goods orders unexpectedly rose last month. Nasdaq gained 37 points to 4,223.

On the upside 

Aeropostale (NYSE: ARO) completed a $150 million credit facility from Sycamore Partners.

Kingdom Holding's investment in JD.com (Nasdaq: JD) surged 130% on the first trading day.

Jeffries said that Biocryst's (Nasdaq: BCRX) upbeat trial results for its BCX4161 hereditary angioedema treatment bode will for Dyax's (Nasdaq: DYAX) CX-2930.

On the downside 

Profit taking sank shares of LiveDeal (Nasdaq: LIVE).

Lake Street initiated coverage of Himax (Nasdaq: HIMX) with a Hold rating.

Richard C. Campbell retired from Silver Standard Resources' (Nasdaq: SSRI) board of directors and will be replaced by Beverlee F. Park.

In the broad market, advancing issues outpaced decliners by a margin of more than 5 to 3 on the NYSE and by more than 5 to 2 on Nasdaq. The broader S&P 500 gained 9 points to 1909. Bitcoin eased $1.20 or 0.21% to $576.32.

An unexpected increase in April durable goods orders lifted the markets to a higher open with the Dow climbing 76 points to 16,682. Nasdaq gained 39 points to 4,225.

On the upside 

Pilgrim's Pride (Nasdaq: PPC) offered to acquire Hillshire Brands (NYSE: HSH) in cash deal valued at approximately $6.4 billion.

Shares of intellectual property development company Spherix (NYSE: SPEX) surged after a patent reform bill was removed from the Senate Judiciary Committee's calendar.

BioCryst Pharmaceuticals (Nasdaq: BCRX) reported positive results from a mid-stage clinical trial for its hereditary angioedema treatment BCX4161.

On the downside 

Shares of Pinnacle Foods (NYSE: PF) fell on news of the Pilgrim's Pride deal. Hillshire Brands is in the process of purchasing Pinnacle in a deal valued at approximately $6.6 billion.

Investors locked in profits on Durata Therapeutics (Nasdaq: DRTX).

Frontline (NYSE: FRO) warned of weakness in the second quarter.

In the broad market, advancing issues outpaced decliners by a margin of nearly 5 to 2 on the NYSE and by more than 3 to 1 on Nasdaq. The broader S&P 500 climbed 9 points to 1910. Bitcoin fell $16.77 or 2.99% to $560.75.

U. S. Markets Closed

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U. S. markets are closed for Memorial Day.

The markets rose to close higher with the Dow gaining 63 points to 16,606 ahead of the Memorial Day weekend. Nasdaq climbed 31 points to 4,185.

On the upside 

One of the richest men in China, Xuechu He, acquired a stake in YOU On Demand (Nasdaq: YOD).

Shares of Nimble Storage (NYSE: NMBL) continued climbing.

SanDisk (Nasdaq: SNDK) validated the use of Wave Systems' (Nasdaq: WAVX) management software.

On the downside 

Montage Technology (Nasdaq: MONT) received a non-compliance form from Nasdaq.

Pharmacyclics' (Nasdaq: PCYC) executive vice president of sales and marketing, Paula Boultbee, resigned.

Shares of Agile Therapeutics (Nasdaq: AGRX) fell on its first trading day.

In the broad market, advancing issues outpaced decliners by a margin of nearly 2 to 1 on the NYSE and by more than 5 to 2 on Nasdaq. The broader S&P 500 gained 8 points to close at a record 1900. Bitcoin added $4.60 or 0.88% to $524.99.

The markets advanced during the midday with the Dow rising 57 points to 16,600 on upbeat economic data. Nasdaq climbed 25 points to 4,180.

On the upside 

LiveDeal (Nasdaq: LIVE) has nearly $10 million in cash to continue growing the company through acquisitions.

ZIOPHARM Oncology (Nasdaq: ZIOP) presented positive results from using Ad-RTS-IL-12 against cancer stem cells in the brain.

Shares of Parsley Energy (NYSE: PE) surged in its market debut.

On the downside 

Stifel Nicolaus downgraded RetailMeNot (Nasdaq: SALE) from a Buy rating to a Hold rating.

Profit taking sank shares of Atossa Genetics (Nasdaq: ATOS).

NewLead Holdings (Nasdaq: NEWL) extended its losses.

In the broad market, advancing issues outpaced decliners by a margin of more than 5 to 3 on the NYSE and by nearly 5 to 2 on Nasdaq. The broader S&P 500 rose 7 points to 1899. Bitcoin slipped $1.19 or 0.23% to $519.20.

A gain in the Conference Board's index of leading economic indicates lifted the markets to a higher open with the Dow gaining 44 points to 16,587. Nasdaq rose 10 points to 4,164.

On the upside 

The Committee for Medicinal Products for Human Use of the European Medicines Agency has adopted a positive opinion of PTC Therapeutics' (Nasdaq: PTCT) nonsense mutation Duchenne muscular dystrophy treatment Translarna. Shares of Prosena Holding (Nasdaq: RNA), which is developing a DMD treatment, also rose.

Piper Jaffray said that Isis Pharmaceuticals (Nasdaq: ISIS) has the most attractive pipeline among biotechnology firms.

Hewlett-Packard (NYSE: HPQ) reported higher second quarter earnings and announced additional job cuts between 11,000 to 16,000.

On the downside 

Aruba Networks (Nasdaq: ARUN) narrowed losses for the third quarter but JPMorgan said that margins fell short of expectations.

Aeropostale (NYSE: ARO) widened losses more than expected for the first quarter and forecast a greater than expected loss for the second quarter prompting a downgrade.

Youku Tudou (NYSE: YOKU) narrowed losses for the first quarter but revenue fell.

In the broad market, advancing issues outpaced decliners by a margin of nearly 5 to 3 on the NYSE and by nearly 3 to 2 on Nasdaq. The broader S&P 500 added 4 points to 1896. Bitcoin rose $6.65 or 1.26% to $527.04.

An increase in existing home sales lifted the markets to a modestly higher close with the Dow adding 10 points to 16,543. Nasdaq gained 22 points to 4,154.

On the upside 

Atossa Genetics (Nasdaq: ATOS) adopted a shareholder rights agreement.

Bonanza Creek Energy (NYSE: BCEI) will acquire leasehold interests in Weld County, Colorado in a cash and stock transaction.

Shares of SunEdison Semiconductor (Nasdaq: SEMI) soared on its first trading day.

On the downside 

ITT Educational Services (NYSE: ESI) reported a drop in students enrollment in the first quarter and withdrew its outlook for the year.

Investors locked in profits on NewLead Holdings (Nasdaq: NEWL).

Westell Technologies (Nasdaq: WSTL) fell to an unexpected loss for the fourth quarter.

In the broad market, advancing issues outpaced decliners by a margin of nearly 2 to 1 on the NYSE and by nearly 7 to 3 on Nasdaq. The broader S&P 500 added 4 points to 1892. Bitcoin gained $31.06 or 6.00% to $517.75.

The market advanced during the midday with the Dow gaining 18 points to 16,551 as existing home sales rose. Nasdaq climbed 23 points to 4,154.

On the upside 

Shares of JD.com (Nasdaq: JD) climbed on its first trading day.

Liquid Holdings Group (Nasdaq: LIQD) will present at two investment conferences next week.

Ladenburg initiated coverage of Cell Therapeutics (Nasdaq: CTIC) with a Buy rating.

On the downside 

Searchmetrics reported that RetailMeNot (Nasdaq: SALE) lost an estimated 33% of its traffic after Google (Nasdaq: GOOG) launched Panda 4.0.

Weibo (Nasdaq: WB) widened first quarter losses and forecast second quarter revenue below analyst expectations.

Rumors circulated that Bill Ackman will take a short position on Apollo Education (Nasdaq: APOL).

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 gained 6 points to 1894. Bitcoin gained $30.21 or 5.85% to $516.90.

The market opened higher with the Dow rising 12 points to 16,545 even as jobless claims climbed. Nasdaq gained 11 points to 4,143.

On the upside 

Sanchez Energy (NYSE: SN) will pay approximately $639 million in cash to acquire 106,000 contiguous net acres in the Eagle Ford trend.

NTELOS Holdings (Nasdaq: NTLS) and Sprint (NYSE: S) extended their Strategic Network Alliance through 2022.

Royale Energy (Nasdaq: ROYL) identified a large target in Alaska that call be drilled.

On the downside 

Profit taking sank shares of China Ming Yang Wind Power Group (NYSE: MY).

58.com (NYSE: WUBA) swung to a profit for the first quarter but the results missed estimates.

Sina (Nasdaq: SINA) widened losses for the first quarter and forecast second quarter revenue below estimates.

In the broad market, advancing issues outpaced decliners by a margin of nearly 5 to 3 on the NYSE and by more than 7 to 5 on Nasdaq. The broader S&P 500 added 3 points to 1891. Bitcoin gained $23.51 or 4.61% to $510.19.

Minutes from the Federal Reserve's meeting in April revealed little change to current policy. The markets closed sharply higher with the Dow jumping 158 points to 16,533. Nasdaq soared 34 points to 4,131.

On the upside 

Sidoti upgraded EZCORP (Nasdaq: EZPW) from a Neutral rating to a Buy rating.

Reuters reported that Element Financial offered $1.35 billion in cash to acquire PHH's (NYSE: PHH) fleet leasing business.

Marcato purchased a 7.2% stake in Life Time Fitness (NYSE: LTM).

On the downside 

Investors locked in profits on bluebird bio (Nasdaq: BLUE).

Methes Energies International (Nasdaq: MEIL) priced its public offering of 2.5 million common shares at the discounted price of $2.00 per share.

Rio Alto Mining (NYSE: RIOM) will merge with Sulliden Gold.

In the broad market, advancing issues outpaced decliners by a margin of nearly 2 to 1 on the NYSE and by nearly 3 to 2 on Nasdaq. The broader S&P 500 gained 15 points to 1888. Bitcoin rose $7.27 or 1.49% to $487.12.

The markets markets advanced during the midday with the Dow surging 133 points to 16,507 as investors await the release of minutes from the Federal Reserve's last meeting. Nasdaq gained 21 points to 4,118.

On the upside 

Chimerix (Nasdaq: CMRX) priced its secondary offering of 7.3 million common shares at $14.22 per share.

Qiwi (Nasdaq: QIWI) reported sharply higher first quarter earnings as revenue surged prompting the company to increase its full year outlook.

Jefferies upgraded Nokia (NYSE: NOK) from a Hold rating to a Buy rating.

On the downside 

Investors locked in profits on Liquid Holdings Group (Nasdaq: LIQD).

First quarter earnings plunged for American Eagle Outfitters (NYSE: AEO) as revenue slipped and the teen apparel retailer forecast second quarter earnings that fell far short of analyst expectations. The retailer will also close 150 stores.

ViaSat (Nasdaq: VSAT) fell to a loss for the fourth quarter even as revenue rose.

In the broad market, advancing issues outpaced decliners by a margin of nearly 5 to 4 on the NYSE while decliners barely edged out advancers by a slim margin on Nasdaq. The broader S&P 500 climbed 10 points to 1883. Bitcoin rose $8.96 or 1.83% to $488.81.

The markets opened sharply higher with the Dow soaring 128 points to 16,503 ahead of the release of the Federal Reserve's meeting minutes. Nasdaq gained 26 points to 4,123.

On the upside 

Trina Solar (NYSE: TSL) reversed year ago losses to post a profit for the first quarter as revenue surged.

Shares of NewLead Holdings (Nasdaq: NEWL) continued soaring for a third straight day.

China Ming Yang Wind Power Group (NYSE: MY) reported higher first quarter earnings and revenue.

On the downside 

Thompson Creek Metals (NYSE: TC) announced an exchange offer for its 6.50% Tangible Equity Units into common shares.

First quarter earnings rose for PetSmart (Nasdaq: PETM) but revenue fell short of expectations prompting the company to cut its full year guidance.

Booz Allen Hamilton (NYSE: BAH) reported lower fourth quarter earnings and revenue.

In the broad market, advancing issues outpaced decliners by a margin of nearly 7 to 2 on the NYSE and by nearly 3 to 1 on Nasdaq. The broader S&P 500 climbed 10 points to 1883. Bitcoin rose $7.18 or 1.48% to $486.27.

Major retailers disappointed by reporting weak earnings to send the markets tumbling to a sharply lower close with the Dow plunging 137 points to 16,374. Nasdaq dropped 28 points to 4,096.

On the upside 

Ophthotech (Nasdaq: OPHT) licensed the marketing rights for its experimental eye treatment Fovista to Novartis.

Insmed (Nasdaq: INSM) reported positive results from a Phase 2 study of its lung infection treatment ARIKAYCE.

DealReporter said that Doral Financial (NYSE: DRL) would sell its assets with the assistance of an advisor.

On the downside 

Chimerix (Nasdaq: CMRX) will offer 6.2 million common shares through a public offering.

Intercept Pharmaceuticals (Nasdaq: ICPT) withheld clinical trial information from the public about its liver disease treatment obeticholic acid.

Disappointing results from Dick's Sporting Good's (NYSE: DKS) golf business weighed down shares of Callaway Golf (NYSE: ELY).

In the broad market, declining issues outpaced advancers by a margin of nearly 5 to 2 on the NYSE and by 3 to 1 on Nasdaq. The broader S&P 500 dropped 12 points to 1872. Bitcoin gained $40.12 or 8.32% to $482.16.

The markets extended its losses during the midday with the Dow plummeting 149 points to 16,362 as retailers reported dismal earnings. Nasdaq tumbled 36 points to 4,089.

On the upside 

Liquid Holdings Group (Nasdaq: LIQD) beneficial owner Douglas Von Allmen purchased 6.4 million shares of company stock.

The lock-up period for more than 82 million shares of FireEye (Nasdaq: FEYE) expires tomorrow.

Dendreon (NYSE: DNDN) reported positive results from ProACT and IMPACT studies on its prostate cancer treatment PROVENGE.

On the downside 

Profit taking weighed down shares of Celldex (Nasdaq: CLDX).

Perfect World (NYSE: PWRD) reported higher first quarter earnings and revenue but analysts were disappointed with the company's current quarter outlook.

FBR Capital said that NTELOS (Nasdaq: NTLS) could drop to $5 per share.

In the broad market, declining issues outpaced advancers by a margin of more than 5 to 2 on the NYSE and by more than 7 to 2 on Nasdaq. The broader S&P 500 tumbled 14 points to 1870. Bitcoin gained $36.91 or 7.71% to $478.95.

Disappointing earnings from retailers weighed the markets down to a lower open with the Dow losing 67 points to 16,444. Nasdaq fell 20 points to 4,104.

On the upside 

Cobham will pay a premium of approximately $1.46 billion to acquire Aeroflex Holding (NYSE: ARX).

NewLead Holdings (Nasdaq: NEWL) continued rising after taking delivery of the eco-type Handysize vessel Newlead Albion yesterday.

E-House China Holdings (NYSE: EJ) reversed year ago losses to post a greater than expected profit for the first quarter and lifted its full year revenue outlook.

On the downside 

Staples (Nasdaq: SPLS) disappointed with lower first quarter earnings that missed analyst expectations as revenue fell and the office supplies retailer forecast second quarter earnings below estimates.

Dick's Sporting Goods (NYSE: DKS) reported higher first quarter earnings but the results fell short of expectations and the company forecast current quarter and full year earnings below estimates.

First quarter earnings fell for Urban Outfitters (Nasdaq: URBN) to miss analyst expectations even as revenue rose.

In the broad market, declining issues outpaced advancers by a margin of nearly 2 to 1 on the NYSE and by nearly 7 to 2 on Nasdaq. The broader S&P 500 lost 5 points to 1879. Bitcoin rose $14.90 or 3.26% to $456.94.

Acquisition activity lifted the markets to a higher close with the Dow rising 20 points to 16,511. Nasdaq gained 35 points to 4,125.

On the upside 

Pepsico (NYSE: PEP) extended its collaboration with Senomyx (Nasdaq: SNMX) for Senomyx's sweet-taste technology.

RBC Capital upgraded Micron Technology (Nasdaq: MU) from a Sector Perform rating to an Outperform rating.

A Seeking Alpha contributor expects the Food and Drug Administration to approve MannKind's (Nasdaq: MNKD) inhalable insulin product Afrezza.

On the downside 

Investors locked in profits on Arotech (Nasdaq: ARTX).

Profit taking weighed down shares of Hyperdynamics (NYSE: HDY).

Shares of Highpower International (Nasdaq: HPJ) extended its losses.

In the broad market, advancing issues outpaced decliners by a margin of more than 5 to 3 on the NYSE and by more than 2 to 1 on Nasdaq. The broader S&P 500 gained 7 points to 1885. Bitcoin rose $2.46 or 0.55% to $445.40.

The markets advanced during the midday with the Dow adding 3 points to 16,494 as investors welcomed merger and acquisition news. Nasdaq climbed 30 points to 4,120.

On the upside 

Gogo (Nasdaq: GOGO) introduced comprehensive SwiftBroadband airtime programs for the business aviation market.

Infinera and DANTE (Nasdaq: INFN) won the Global Telecommunications Business Innovation Awards in Wholesale Service Innovation.

Synovus Financial (NYSE: SNV) completed its one-for-seven reverse stock split.

On the downside 

AstraZeneca (NYSE: AZN) rejected Pfizer's (NYSE: PFE) $119 billion acquisition offer.

Ventrus Biosciences (Nasdaq: VTUS) will merge with Assembly Pharmaceuticals in an all stock seal.

LifeLock (NYSE: LOCK) removed its Wallet application from app stores citing security concerns.

In the broad market, advancing issues outpaced decliners by a margin of more than 5 to 3 on the NYSE and by nearly 7 to 3 on Nasdaq. The broader S&P 500 rose 4 points to 1882. Bitcoin edged up $0.54 or 0.12% to $443.49.

The markets opened mixed with the Dow slipping 3 points to 16,487 while Nasdaq gained 19 points to 4,110 despite AT&T's $48.5 billion offer for DirecTV.

On the upside 

InterMune (Nasdaq: ITMN) reported positive results from an ASCEND phase III study of pirfenidone.

SanDisk (Nasdaq: SNDK) and Toshiba have taken an exclusive license to develop memory technology with Intermolecular (Nasdaq: IMI).

Shares of Plug Power (Nasdaq: PLUG) continued rising.

On the downside 

AT&T (NYSE: T) offered approximately $48.5 billion in cash and stock to acquire DirecTV (Nasdaq: DTV).

A Seeking Alpha contributor recommended shorting ParkerVision (Nasdaq: PRKR).

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

In the broad market, advancing issues outpaced decliners by a margin of nearly 5 to 3 on the NYSE and by more than 7 to 5 on Nasdaq. The broader S&P 500 added 2 points to 1880. Bitcoin edged up $0.87 or 0.20% to $443.81.

A stronger than expected gain in new home construction lifted the markets to a higher close with the Dow gaining 44 points to 16,491. Nasdaq climbed 21 points to 4,090.

On the upside 

First quarter earnings slipped for Nordstrom (NYSE: JWN) but the results were better than expected.

Kingold Jewelry (Nasdaq: KGJI) reported sharply higher first quarter earnings that surged fivefold.

Dillard's (NYSE: DDS) reported lower first quarter earnings but the results surpassed analyst expectations.

On the downside 

Smart Technologies (Nasdaq: SMT) narrowed fourth quarter losses but revenue fell short of analyst expectations.

EveryWare Global (Nasdaq: EVRY) fell to a greater than expected loss for the first quarter and announced the temporary closure of two factories.

Shares of RadioShack (NYSE: RSH) continued falling after Fitch downgraded the consumer electronics retailer yesterday.

In the broad market, advancing issues outpaced decliners by a margin of more than 2 to 1 on the NYSE and by more than 3 to 2 on Nasdaq. The broader S&P 500 gained 7 points to 1877. Bitcoin added $1.31 or 0.29% to $444.85.

New home construction activity in April rose sharply higher, but an early reading on cosumer sentiment in May fell.  The markets remained in negative territory with the Dow down 9 points to 16,437.  Nasdaq fell 6 points to 4,063.

On the upside 

Shares of Verizon (NYSE: VZ) edged higher on news that Warren Buffet's Berkshire Hathaway (NYSE: BRK-A) now owns 11 million shares of the telecommunications company.

Earthstone Energy (Nasdaq: ESTE) has acquired privately-held Oak Valley Resources including approximately $138M of cash, in exchange for approximately 9.1 million shares of common stock of Earthstone.

Hyperdynamics (NYSE: HDY) reached a settlement with AGR Well Management Ltd. AGR that involved a drilling project and will receive net proceeds of $15.6 million.

On the downside 

Investors were dismayed to learn that Darden (NYSE: DRI) has sold its the struggling Red Lobster for a reported $2.1 billion to private equity firm Golden Gate Capital.

Kamada (Nasdaq: KMDA) announced positive preliminary  results from the Phase II/III pivotal clinical trial in Europe and Canada for its treatment of Alpha-1 antitrypsin deficiency.  However, Oppenheimer downgraded the stock.

ChinaCache International Holdings Ltd.  (NASDAQ: CCIH) posted higher quarterly revenues, but adjusted net income of $0.4 million missed earnings estimates.

In the broad market, declining issues outpaced advancers by a margin of 10 to 9 on the NYSE and by more than 3 to 2 on Nasdaq. The broader S&P 500 was near breakeven at 1871. Bitcoin added $1.41 or 0.32% to $444.95.

Housing starts soared by a greater than expected 13.2% in April but the markets opened lower with the Dow losing 19 points to 16,427. Nasdaq fell 17 points to 4,052.

On the upside 

J.C. Penney (NYSE: JCP) narrowed first quarter losses more than expected as revenue rose and the company reported a strong 6.2% gain in same store sales for the quarter.

Rackspace Hosting (NYSE: RAX) retained the services of Morgan Stanley to explore strategic options including a possible sale of the company.

Shares of Zendesk (NYSE: ZEN) continued soaring.

On the downside 

Concerns about the terms of World Wrestling Entertainment's (NYSE: WWE) new multi-year licensing deal with NBCUniversal Cable Entertainment sent shares of the company plummeting.

Canadian Solar (Nasdaq: CSIQ) swung to a profit for the first quarter but the results fell short of analyst expectations and the company forecast current quarter revenue below estimates.

Just Energy (NYSE: JE) reported lower fourth quarter earnings even as revenue rose.

In the broad market, declining issues outpaced advancers by a margin of more than 10 to 9 on the NYSE and by more than 5 to 3 on Nasdaq. The broader S&P 500 lost 4 points to 1866. Bitcoin added $1.71 or 0.38% to $445.25.

Retail concerns sink stocks

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Concerns about the health of big retailers sent the markets into a tailspin with the Dow collapsing 167 points to 16,446. Nasdaq tumbled 31 points to 4,069.

On the upside 

First quarter earnings surged more than four times for Vipshop Holdings (NYSE: VIPS) to surpass analyst expectations by a wide margin as revenue more than doubled.

Maxim expects Momenta (Nasdaq: MNTA) to introduce a generic version of Teva Pharmaceuticals' (NYSE: TEVA) multiple sclerosis treatment Copaxone in June.

Textura (Nasdaq: TXTR) client Wespac Construction has used Textura CPM on more than 500 projects since 2005.

On the downside 

Shares of Higher One Holdings (NYSE: ONE) fell for the third straight day after the company warned that it may be fined by the Federal Reserve.

Sorrento Therapeutics (Nasdaq: SRNE) priced its public offering of approximately 4.765 million common shares at the discounted price of $5.25 per share.

TAL Education Group (NYSE: XRS) plans to offer up to $200 million worth of convertible senior notes.

In the broad market, declining issues outpaced advancers by a margin of nearly 5 to 2 on the NYSE and by more than 2 to 1 on Nasdaq. The broader S&P 500 tumbled 17 points to 1870. Bitcoin slipped $1.64 or 0.37% to $442.25.

Markets extend losses

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The markets extended its losses during the midday with the Dow collapsing 199 points to 16,414 after Wal-Mart reported lower first quarter earnings that missed expectations and forecast current quarter profit below estimates. Nasdaq plunged 51 points to 4,049.

On the upside 

Shares of Zendesk (NYSE: ZEN) soared in its market debut.

Mizuho said that initial data from Clovis (Nasdaq: CLVS) for its CO-1686 was promising and more encouraging than AstraZeneca's (NYSE: AZN) AZD9291.

Zix (Nasdaq: ZIXI) designed and launched Google (Nasdaq: GOOG) Apps Message Encryption.

On the downside 

Liquid Holdings Group (Nasdaq: LIQD) priced its secondary offering of 32 million shares of common stock at the discounted price of $1.25 per share.

Acxiom (NYSE: ACXM) fell to a loss for the fourth quarter, warned of lower 2015 results and announced planet to pay approximately $310 million in cash to acquire LiveRamp.

VOXX International (Nasdaq: VOXX) fell to an unexpected loss for the fourth quarter and forecast 2015 revenue below analyst estimates.

In the broad market, declining issues outpaced advancers by a margin of 7 to 2 on the NYSE and by more than 4 to 1 on Nasdaq. The broader S&P 500 plummeted 22 points to 1866. Bitcoin edged up $0.20 or 0.04% to $444.10.

Wal-Mart weighs down markets

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Disappointing results from Wal-Mart weighed the markets down to a sharply lower open with the Dow plunging 155 points to 16,458. Nasdaq plummeted 53 points to 4,047.

On the upside 

Kindred Healthcare offered a premium of approximately $533 million to acquire Gentiva Health Services (Nasdaq: GTIV).

Cisco (Nasdaq: CSCO) reported lower third quarter earnings and revenue but the results were better than expected.

Needham upgraded Pernix Therapeutics Holdings (Nasdaq: PTX) from a Buy rating to a Strong Buy rating.

On the downside 

NQ Mobile (NYSE: NQ) delayed filing its annual report.

E-commerce China Dangdang (NYSE: DANG) swung to a profit for the first quarter but revenue fell short of analyst expectations and the company forecast current quarter revenue below estimates.

Profit taking weighed down shares of National Bank of Greece (NYSE: NBG).

In the broad market, declining issues outpaced advancers by a margin of more than 3 to 1 on the NYSE and by more than 4 to 1 on Nasdaq. The broader S&P 500 plunged 20 points to 1868. Bitcoin edged up $1.37 or 0.31% to $445.27.

Producer prices jumped more than expected to send the markets tumbling to a sharply lower close with the Dow plummeting 101 points to 16,613. Nasdaq dropped 29 points to 4,100.

On the upside 

Shares of Spherix (Nasdaq: SPEX) surged ahead of its business update conference call on Friday, May 16.

bluebird bio (Nasdaq: BLUE) narrowed first quarter losses on a per share basis as revenue surged.

SunOpta (Nasdaq: STKL) reported higher first quarter earnings that surpassed analyst expectations as revenue climbed.

On the downside 

Enzymotec (Nasdaq: ENZY) reported higher first quarter earnings but revenue fell short of analyst expectations.

BG Medicine (Nasdaq: BGMD) narrowed first quarter losses but revenue dropped to fall far short of expectations.

First quarter earnings and revenue soared for Insys Therapeutics (Nasdaq: INSY) but the results missed analyst estimates.

In the broad market, declining issues outpaced advancers by a margin of nearly 5 to 3 on the NYSE and by more than 5 to 2 on Nasdaq. The broader S&P 500 fell 8 points to 1888. Bitcoin added $7.69 or 1.73% to $443.63.

The markets traded lower during the midday with the Dow losing 59 points to 16,654 as producer prices rose more than expected. Nasdaq slipped 8 points to 4,121.

On the upside 

Summer Infant (Nasdaq: SUMR) reversed year ago losses to post an unexpected profit for the first quarter.

The lock-up period expired for zulily (Nasdaq: ZU) but the stock price climbed.

Criteo (Nasdaq: CRTO) will meet with Deutsche Bank today.

On the downside 

Fossil Group (Nasdaq: FOSL) reported lower first quarter earnings and forecast current quarter results below analyst expectations.

First quarter earnings plunged for JGWPT Holdings (NYSE: JGW) as revenue fell.

Hydrogenics (Nasdaq: HYGS) priced its public offering of 1.5 million common shares at the discounted price of $15.00 per share.

In the broad market, declining issues outpaced advancers by a margin of 10 to 9 on the NYSE and by nearly 2 to 1 on Nasdaq. The broader S&P 500 lost 3 points to 1893. Bitcoin added $4.10 or 0.93% to $440.04.

A greater than expected increase in April producer prices weighed the markets down to a lower open with the Dow falling 55 points to 16,659. Nasdaq lost 10 points to 4,119.

On the upside 

Pernix Therapeutics Holdings (Nasdaq: PTX) will acquire the U.S. rights to GlaxoSmithKline's (NYSE: GSK) migraine treatment Treximet.

Arotech (Nasdaq: ARTX) reported sharply higher first quarter earnings that nearly doubled to surpass analyst expectations by a wide margin.

Celldex (Nasdaq: CLDX) will collaborate with Bristol-Myers Squibb (NYSE: BMY) to conduct a clinical trial to evaluate the effectiveness of combining nivolumab and varlilumab in treating cancer.

On the downside 

USA Compression Partners (NYSE: USAC) priced its offering of 6.6 million common units at the discounted price of $25.59 per common unit.

Quantum Fuel Systems Technologies (Nasdaq: QTWW) reported a wider than expected loss for the first quarter.

First quarter earnings plunged for URS (NYSE: URS) to miss expectations.

In the broad market, declining issues outpaced advancers by a margin of nearly 5 to 4 on the NYSE and by nearly 5 to 3 on Nasdaq. The broader S&P 500 slipped 2 points to 1895. Bitcoin added  $3.02 or 0.69% to $438.96.

Dow Sets Another Record

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Despite a meager 0.1% gain in April retail sales, the Dow added 19 points to close at a record 16,715. Nasdaq lost 13 points to 4,130.

On the upside 

InterCloud Systems (Nasdaq: ICLD) will host a conference call on Friday, May 16, to discuss its first quarter financial results.

Idera Pharmaceuticals (Nasdaq: IDRA) widened losses for the first quarter but the company initiated clinical development for its IMO-8400.

Planet Payment (Nasdaq: PLPM) fell to a loss for the first quarter as revenue slipped but the stock price rose.

On the downside 

Fuel-Tech (Nasdaq: FTEK) unexpectedly widened losses for the first quarter as revenue fell.

Diana Containerships (Nasdaq: DCIX) swung to a profit for the first quarter but the shipping company slashed its quarterly dividend.

First quarter earnings fell for Vertex Energy (Nasdaq: VTNR).

In the broad market, declining issues outpaced advancers by a margin of more than 5 to 4 on the NYSE and by more than 5 to 3 on Nasdaq. The broader S&P 500 edged up a fraction to 1897. Bitcoin slipped  $3.57 or 0.82% to $435.25.

The markets traded mixed during the midday with the Dow rising 21 points to 16,717 as retail sales disappointed. Nasdaq slipped 7 points to 4,135.

On the upside 

Shares of Plug Power (Nasdaq: PLUG) rose ahead of its earnings release tomorrow.

Coca-Cola (NYSE: KO) will raise its stake in Keurig Green Mountain (Nasdaq: GMCR) from 10% to 16%.

FuelCell (Nasdaq: FCEL) sold four fuel cell modules totaling 5.6 megawatts to POSCO Energy (NYSE: PKX).

On the downside 

DXP Enterprises (Nasdaq: DXPE) reported lower earnings for the first quarter.

Dealertrack Technologies (Nasdaq: TRAK) blamed non-cash charges for widening first quarter losses.

Odyssey Marine Exploration (Nasdaq: OMEX) reported a wider than expected loss for the first quarter as revenue fell.

In the broad market, declining issues outpaced advancers by a margin of more than 10 to 9 on the NYSE and by nearly 2 to 1 on Nasdaq. The broader S&P 500 added a point to 1897. Bitcoin slipped  $1.40 or 0.32% to $437.42.

Retail sales barely edged up 0.1% in April but the markets opened higher with the Dow gaining 33 points to 16,729. Nasdaq rose 6 points to 4,150.

On the upside 

First quarter earnings slipped for Rackspace Hosting (NYSE: RAX) but the results were better than expected and the company forecast current quarter revenue ahead of estimates.

Halozyme (Nasdaq: HALO) widened first quarter losses but the company announced that the Data Monitoring Committee now supported continued enrollment of patients in clinical trials for PEGPH20.

Telik (Nasdaq: TELK) will merge with MabVax Therapeutics.

On the downside 

Elizabeth Arden (Nasdaq: RDEN) widened first quarter losses as revenue fell and the cosmetics company hired Goldman Sachs to explore strategic alternatives.

ExamWorks Group (NYSE: EXAM) priced its public offering of more than 3.09 million common shares at the discounted price of $33.90 per share.

First quarter earnings plunged for magicJack VocalTec (Nasdaq: CALL).

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 7 to 5 on Nasdaq. The broader S&P 500 rose 4 points to 1901. Bitcoin slipped  $3.16 or 0.73% to $435.66.

It was another record close for the Dow with the blue chip index leaping 112 points to 16,695 as investors welcomed merger news. Nasdaq jumped 41 points to 4,143.

On the upside 

Bargain hunters snapped up shares of DepoMed (Nasdaq: DEPO).

SunTrust upgraded Twitter (NYSE: TWTR) from a Neutral rating to a Buy rating. The microblogging site also introduced a new mute feature.

B. Riley upgraded Arotech (Nasdaq: ARTX) from a Neutral rating to a Buy rating.

On the downside 

Investors locked in profits on Universal Display (Nasdaq: OLED).

Silver Standard Resources (Nasdaq: SSRI) extended its losses.

TheStreet Ratings downgraded Emergent BioSolutions (NYSE: EBS) from a Buy rating to a Hold rating.

In the broad market, advancing issues outpaced decliners by a margin of more than 7 to 2 on the NYSE and by more than 4 to 1 on Nasdaq. The broader S&P 500 soared 18 points to 1896. Bitcoin added $1.75 or 0.40% to $437.35.

Markets Advance On Merger News

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The markets advanced during the midday with the Dow surging 102 points to 16,685 on merger news. Nasdaq soared 61 points to 4,133.

On the upside 

Tesaro (Nasdaq: TSRO) reported positive results from a Phase 3 clinical trial of its chemotherapy induced nausea and vomiting treatment rolapitant.

Doral Financial (NYSE: DRL) requested a refund from Puerto Rico for more than $229 million in tax over payments.

Capstone Turbine (Nasdaq: CPST) named Richard B. Lewis to the position of vice president of operations.

On the downside 

Neonode (Nasdaq: NEON) widened first quarter losses more than expected.

Highpower International (Nasdaq: HPJ) widened losses for the first quarter even as revenue rose.

Bridgepoint Education (NYSE: BPI) reported a preliminary first quarter loss that was greater than expected and announced that the company would not be able to file its quarterly report on time.

In the broad market, advancing issues outpaced decliners by a margin of nearly 7 to 2 on the NYSE and by nearly 4 to 1 on Nasdaq. The broader S&P 500 climbed 15 points to 1894. Bitcoin rose $3.30 or 0.75% to $438.90.

Markets Soar On Merger News

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Merger and acquisition news lifted the markets to a higher open with the Dow soaring 100 points to a record 16,684. Nasdaq leaped 59 points to 4,131.

On the upside 

Hillshire Brands (NYSE: HSH) will pay a premium of approximately $4.28 billion to acquire Pinnacle Foods (NYSE: PF).

Kandi Technologies (Nasdaq: KNDI) fell to a loss for the first quarter but revenue surged.

Gulf Resources (Nasdaq: GURE) reported sharply higher first quarter revenue that more than doubled as revenue climbed.

On the downside 

Core Laboratories (NYSE: CLB) lowered its second quarter and full year outlook.

Bronte Capital took a short position on Insys Therapeutics (Nasdaq: INSY).

Investors locked in profits on Doral Financial (NYSE: DRL).

In the broad market, advancing issues outpaced decliners by a margin of more than 4 to 1 on the NYSE and by nearly 4 to 1 on Nasdaq. The broader S&P 500 climbed 14 points to 1893. Bitcoin rose $1.79 or 0.41% to $437.39.

Record Close For Dow

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The markets advanced in afternoon trading to close higher with the Dow rising 32 points to a record 16,583. Nasdaq gained 20 points to 4,071.

On the upside 

Shares of Doral Financial (NYSE: DRL) surged on no news and the company said that it does not comment on unusual market activity.

RadNet (Nasdaq: RDNT) reported better than expected earnings for the first quarter and lifted its full year earnings outlook.

Tuesday Morning (Nasdaq: TUES) narrowed third quarter losses more than expected.

On the downside 

DepoMed (Nasdaq: DEPO) swung to a profit for the first quarter but the results fell short of analyst expectations and the pharmaceutical forecast full year earnings below estimates.

Echo Therapeutics (NYSE: ECTE) narrowed first quarter losses but revenue fell.

FutureFuel (NYSE: FF) disappointed with lower first quarter earnings and revenue that missed expectations.

In the broad market, advancing issues outpaced decliners by a margin of 9 to 7 on the NYSE and by more than 5 to 3 on Nasdaq. The broader S&P 500 added 2 points to 1878. Bitcoin rose $10.39 or 2.33% to $445.90.

Markets Flat At Midday

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The markets traded flat during the midday with the Dow easing 4 points to 16,546. Nasdaq slipped 4 points to 4,047.

On the upside 

Methes Energies (Nasdaq: MEIL) will supply a client with 40 railcars of biodiesel per month.

Shares of Chinese online travel company Tuniu (Nasdaq: TOUR) climbed on its first trading day.

BioScrip (Nasdaq: BIOS) reported higher first quarter earnings and revenue.

On the downside 

Ubiquiti Networks (Nasdaq: UBNT) reported sharply higher third quarter earnings and revenue but the company forecast current quarter revenue below estimates.

J.P. Morgan downgraded Molycorp (NYSE: MCP) from a Neutral rating to an Underweight rating.

ACETO (Nasdaq: ACET) disappointed with lower third quarter earnings and revenue.

In the broad market, declining issues outpaced advancers by a margin of 9 to 7 on the NYSE while advancers edged out decliners by nearly 5 to 4 on Nasdaq. The broader S&P 500 lost 4 points to 1871. Bitcoin rose $10.26 or 2.30% to $445.77.

Flat Open On Little News

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The markets opened flat with the Dow slipping 7 points to 16,543 as investors questioned Apple's possible acquisition of Beats Electronics. Nasdaq held steady at 4,051.

On the upside 

Clean Energy Fuels (Nasdaq: CLNE) reported higher first quarter revenue that topped analyst estimates.

Medivation (Nasdaq: MDVN) narrowed first quarter losses as revenue surged.

Pixelworks (Nasdaq: PXLW) narrowed losses for the first quarter as revenue climbed.

On the downside 

Rocket Fuel (Nasdaq: FUEL) reported a wider than expected loss for the first quarter and forecast current quarter revenue below estimates.

Scientific Games (Nasdaq: SGMS) widened first quarter losses more than expected even as revenue rose.

Smith Micro Software (Nasdaq: SMSI) disappointed with sharply lower first quarter revenue that missed estimates and a wider than expected loss.

In the broad market, declining issues outpaced advancers by a margin of more than 2 to 1 on both the NYSE and on Nasdaq. The broader S&P 500 slipped 2 points to 1872. Bitcoin rose $9.57 or 2.15% to $445.08.

The markets closed mixed with the Dow rising 32 points to 16,550 after Federal Reserve chair Janet Yellen told Congress that long term unemployment and income inequality would hinder the economic recovery. Nasdaq lost 16 points to 4,051.

On the upside 

ENGlobal (Nasdaq: ENG) swung to a profit for the first quarter as revenue rose.

First quarter earnings fell for Halcon Resources (NYSE: HK) but the results were better than expected as revenue climbed to top analyst estimates.

Mitel (Nasdaq: MITL) widened losses for the first quarter but revenue soared.

On the downside 

RMG Networks (Nasdaq: RMGN) widened first quarter losses more than expected as revenue fell.

Roundy's (NYSE: RNDY) fell to a greater than expected loss for the first quarter.

Molycorp (Nasdaq: IPAS) widened first quarter losses more than expected as revenue dropped.

In the broad market, declining issues outpaced advancers by a margin of nearly 7 to 5 on the NYSE and by more than 2 to 1 on Nasdaq. The broader S&P 500 slipped 2 points to 1875. Bitcoin eased $4.29 or 0.98% to $435.76.

Assurances by Federal Reserve chair Janet Yellen that interest rates would remain low lifted the markets during the midday with the Dow climbing 81 points to 16,599. Nasdaq gained 20 points to 4,088.

On the upside 

Keurig Green Mountain (Nasdaq: GMCR) reported higher second quarter earnings and revenue that topped analyst estimates.

Cincinnati Bell (NYSE: CBB) reversed year ago losses to post a profit for the first quarter.

Walter Investment Management (NYSE: WAC) reported lower first quarter earnings but the results surpassed analyst expectations and the company forecast full year earnings ahead of expectations.

On the downside 

Investors Bancorp (Nasdaq: ISBC) completed its conversion from a mutual holding company structure to a 100% publicly owned company.

Liquidity Services (Nasdaq: LQDT) disappointed with sharply lower second quarter earnings that fell short of expectations, forecast current quarter earnings below estimates and cut its full year earnings guidance.

Molycorp (NYSE: MCP) widened first quarter losses more than expected as revenue dropped.

In the broad market, advancing issues outpaced decliners by a margin of more than 2 to 1 on the NYSE and by nearly 2 to 1 on Nasdaq. The broader S&P 500 gained 6 points to 1884. Bitcoin eased $2.64 or 0.60% to $437.41.

The markets opened higher with the Dow gaining 53 points to 16,572 as Federal Reserver chair Janet Yellen testified before Congress for the second day. Nasdaq climbed 34 points to 4,102.

On the upside 

Lundbeck will pay a premium of approximately $658 million to acquire Chelsea Therapeutics (Nasdaq: CHTP).

Tower Group International (Nasdaq: TWGP) and ACP Re amended their merger agreement.

SolarCity (Nasdaq: SCTY) narrowed first quarter losses as revenue more than doubled and the company raised its full year installation outlook.

On the downside 

PowerSecure International (NYSE: POWR) fell to a loss for the first quarter prompting downgrades.

Millennial Media (NYSE: MM) widened first quarter losses, forecast current quarter revenue below analyst estimates and announced the departure of chief financial officer Michael Avon.

First quarter earnings and revenue climbed for Gulfport Energy (Nasdaq: GPOR) but the results fell short of expectations prompting a downgrade.

In the broad market, advancing issues outpaced decliners by a margin of more than 5 to 2 on the NYSE and by nearly 2 to 1 on Nasdaq. The broader S&P 500 gained 7 points to 1885. Bitcoin edged up $0.53 or 0.12% to $440.58.

The markets closed mixed with the Dow soaring 117 points to 16,518 after Federal Reserve chair Janet Yellen testified that the economy needed continued support. Nasdaq lost 13 points to 4,067.

On the upside 

First quarter earnings rose for Global Cash Access Holdings (NYSE: GCA) to top analyst estimates and the company forecast full year earnings ahead of expectations.

Air Transport Services Group (Nasdaq: ATSG) reported lower first quarter earnings but the company leased two additional Boeing 767-200 to Cargojet.

Repsol sold most of its holdings in YPF (NYSE: YPF) to Morgan Stanley.

On the downside 

Corcept Therapeutics (Nasdaq: CORT) cited disappointing trial results for halting a late stage study of its psychotic depression treatment mifepristone.

Extreme Networks (Nasdaq: EXTR) widened third quarter losses and forecast current quarter results that fell short of analyst expectations. The company also announced the immediate departure of chief operating officer Chris Crowell.

Zulily (Nasdaq: ZU) unexpectedly widened losses in the first quarter despite a surge in revenue.

In the broad market, advancing issues outpaced decliners by a margin of nearly 5 to 3 on the NYSE while decliners edged out advancers by more than 7 to 5 on Nasdaq. The broader S&P 500 rose 4 points to 1871. Bitcoin rose $13.85 or 3.15% to $439.94.

The markets traded mixed during the midday with the Dow climbing 97 points to 16,498 after Federal Reserve Chair Janet Yellen said that while the nation's economy was strengthening, the job market remained weak. Nasdaq dropped 42 points to 4,038.

On the upside 

Caesars Entertainment (Nasdaq: CZR) will sell a 5% stake in its Caesars Entertainment Operating Co. unit.

Shares of Forest Oil (NYSE: FST) continued rising.

Mondelez International (Nasdaq: MDLZ) will combine its coffee business with D.E Master Blenders 1753 to form the world's largest pure play coffee company.

On the downside 

AOL (NYSE: AOL) blamed restructuring and impairment charges for first quarter earnings that plunged to fall far short of analyst expectations.

Aegerion Pharmaceuticals (Nasdaq: AEGR) reported a greater than expected loss for the first quarter and lowered its full year revenue outlook.

Oclaro (Nasdaq: OCLR) fell to a larger than expected loss for the third quarter and forecast current quarter results below estimates.

In the broad market, advancing issues outpaced decliners by a margin of nearly 3 to 2 on the NYSE while decliners edged out advancers by nearly 5 to 3 on Nasdaq. The broader S&P 500 rose 4 points to 1871. Bitcoin rose $14.84 or 3.37% to $440.93.

The nation's first quarter productivity fell at an annual rate of 1.7% to weigh the markets down to a lower open with the Dow losing 23 points to 16,377. Nasdaq plunged 51 points to 4,029.

On the upside 

Electronic Arts (Nasdaq: EA) reported higher first quarter earnings that topped analyst estimates and announced plans to repurchase $750 million worth of stock.

Quantum Fuel Systems (Nasdaq: QTWW) announced strategic plans to service the heavy duty OEM market segment with natural gas storage systems.

ARRIS Group (Nasdaq: ARRS) reversed year ago losses to post a stronger than expected profit for the first quarter as revenue surged.

On the downside 

Whole Foods Market (Nasdaq: WFM) disappointed with flat second quarter earnings that missed expectations and trimmed its full year earnings outlook prompting downgrades.

Groupon (Nasdaq: GRPN) widened first quarter losses even as revenue rose and forecast current quarter results below expectations prompting a downgrade.

FireEye (Nasdaq: FEYE) widened first quarter losses and forecast current quarter results that missed analyst estimates.

In the broad market, advancing issues outpaced decliners by a margin of more than 7 to 5 on the NYSE and by more than 10 to 9 on Nasdaq. The broader S&P 500 lost 6 points to 1861. Bitcoin rose $9.81 or 2.25% to $435.90.

The markets closed sharply lower with the Dow plunging 129 points to 16,401 over concerns of a cooling housing market and mixed corporate earnings. Nasdaq tumbled 57 points to 4,080.

On the upside 

Appliance Recycling Centers of America (Nasdaq: ARCI) reported sharply higher first quarter earnings that surged five fold as revenue rose.

Dex Media (Nasdaq: DXM) narrowed first quarter losses on a per share basis while revenue soared.

Carmike Cinemas (Nasdaq: CKEC) narrowed losses for the first quarter as revenue climbed.

On the downside 

Quantum Fuel Systems Technologies Worldwide (Nasdaq: QTWW) rival Hexagon Lincoln entered a joint venture with Quantum client Agility Fuel Systems.

Advanced Energy Industries (Nasdaq: AEIS) reported higher first quarter earnings and revenue but the results fell short of analyst expectations and the company forecast current quarter results below estimates.

Johnson & Weaver initiated an investigation into Yelp (NYSE: YELP) for possible securities violations.

In the broad market, declining issues outpaced advancers by a margin of more than 2 to 1 on the NYSE and by more than 7 to 2 on Nasdaq. The broader S&P 500 dropped 16 points to 1867. Bitcoin slipped $2.82 or 0.66% to $425.57.

The markets extended its losses during the midday with the Dow dropping 76 points to 16,453 even as the nation's trade deficit narrowed. Nasdaq fell 22 points to 4,115.

On the upside 

Swift Energy (NYSE: SFY) will jointly develop the Fasken Eagle Ford shale with PT Saka Energi Indonesia.

LeapFrog (NYSE: LF) reported a smaller than expected loss for the first quarter.

First quarter earnings fell for Exterran Holdings (NYSE: EXH) but the results were better than expected.

On the downside 

Solazyme (Nasdaq: SZYM) widened first quarter losses more than expected.

YY (Nasdaq: YY) reported sharply higher first quarter earnings and revenue that more than doubled from last year and announced a $100 million stock repurchase plan but the stock price fell.

Investors locked in profits on Hyperdynamics (NYSE: HDY).

In the broad market, declining issues outpaced advancers by a margin of more than 5 to 3 on both the NYSE and on Nasdaq. The broader S&P 500 lost 7 points to 1877. Bitcoin eased $0.69 or 0.16% to $427.71.

Concerns about the faltering Ukrainian economy weighed the markets down to a lower open with the Dow falling 61 points to 16,468. Nasdaq lost 8 points to 4,129.

On the upside 

Office Depot (NYSE: ODP) reported a smaller than expected loss for the first quarter and announced plans to close at least 400 stores.

Forest Oil (NYSE: FST) will merge with Sabine Oil & Gas in an all-stock deal.

Vivus (Nasdaq: VVUS) narrowed first quarter losses as revenue soared.

On the downside 

The lock-up period on approximately 480 million Twitter (NYSE: TWTR) shares expired.

A Seeking Alpha contributor expects Capstone Turbine (Nasdaq: CPST) stock to continue falling.

Greenlight Capital's David Einhorn has taken a short position on Athenahealth (Nasdaq: ATHN) saying that the stock could plunge 80%.

In the broad market, declining issues outpaced advancers by a margin of more than 5 to 3 on both the NYSE and on Nasdaq. The broader S&P 500 lost 8 points to 1876. Bitcoin eased $0.56 or 0.13% to $427.83.

Concerns about the faltering Ukrainian economy weighed the markets down to a lower open with the Dow falling 61 points to 16,468. Nasdaq lost 8 points to 4,129.

On the upside 

Office Depot (NYSE: ODP) reported a smaller than expected loss for the first quarter and announced plans to close at least 400 stores.

Forest Oil (NYSE: FST) will merge with Sabine Oil & Gas in an all-stock deal.

Vivus (Nasdaq: VVUS) narrowed first quarter losses as revenue soared.

On the downside 

The lock-up period on approximately 480 million Twitter (NYSE: TWTR) shares expired.

A Seeking Alpha contributor expects Capstone Turbine (Nasdaq: CPST) stock to continue falling.

Greenlight Capital's David Einhorn has taken a short position on Athenahealth (Nasdaq: ATHN) saying that the stock could plunge 80%.

In the broad market, declining issues outpaced advancers by a margin of more than 5 to 3 on both the NYSE and on Nasdaq. The broader S&P 500 lost 8 points to 1876. Bitcoin eased $0.56 or 0.13% to $427.83.

Stronger than expected expansion of the nation's services sector lifted the markets to a higher close with the Dow rising 17 points to 16,530. Nasdaq gained 14 points to 4,138.

On the upside 

Deutsche Bank and Stifel both initiated coverage of Candy Crush maker King Digital Entertainment (Nasdaq: KING) with a Buy rating while Barclays initiated coverage with an Overweight rating and RBC Capital Markets initiated coverage with an Outperform rating.

Motley Fool recommended Kandi Technologies Group (Nasdaq: KNDI) for investors interested in the electric vehicle market.

Shares of InterMune (Nasdaq: ITMN) continued climbing.

On the downside 

Nikkei's Asian Review reported that Samsung will not expand production of OLED TVs weighed down shares of Universal Display (Nasdaq: OLED).

Shares of Pacific Ethanol (Nasdaq: PEIX) continued falling after reporting a wider loss for the first quarter last week.

Ritchie Bros. Auctioneers (NYSE: RBA) reported flat first quarter earnings as revenue slipped.

In the broad market, declining issues barely edged out advancers by a slim margin on the NYSE while decliners outpaced advancers by 9 to 7 on Nasdaq. The broader S&P 500 rose 3 points to 1884. Bitcoin slipped $3.66 or 0.86% to $428.61.

Markets Recover Losses

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The markets recovered early morning losses to trade modestly higher with the Dow adding 7 points to 16,520. Nasdaq rose 5 points to 4,129.

On the upside 

Arotech (Nasdaq: ARTX) received new orders totaling $5.2 million for its battery division.

Westlake Chemical (NYSE: WLK) reported higher first quarter earnings and revenue that surpassed analyst expectations.

Bargain hunters lifted shares of Pharmacyclics (Nasdaq: PCYC).

On the downside 

Kosmos Energy (NYSE: KOS) reported higher first quarter earnings but revenue fell.

First quarter earnings tumbled for Trex (NYSE: TREX) as revenue slipped.

Shares of Plug Power (Nasdaq: PLUG) continued falling after fuel cell maker ClearEdge Power filed for bankruptcy protection last week.

In the broad market, declining issues outpaced advancers by a margin of 4 to 3 on the NYSE and by nearly 5 to 3 on Nasdaq. The broader S&P 500 added a point to 1882. Bitcoin slipped $3.21 or 0.75% to $429.06.

The markets opened lower with the Dow dropping 57 points to 16,454 as China's economy contracted. Nasdaq slipped 4 points to 4,119.

On the upside 

Hyperdynamics (NYSE: HDY) announced that Tullow Guinea lifted its declaration of Force Majeure.

B/E Aerospace (Nasdaq: BEAV) retained the services of Citigroup and Shearman & Sterling to explore a possible sale of the company.

Sterigenics increased its acquisition offer for Nordion (NYSE: NDZ) to approximately $758 million, a premium of $12.25 per share.

On the downside 

BroadSoft (Nasdaq: BSFT) widened first quarter losses more than expected and forecast current quarter earnings below estimates.

Realogy Holdings (NYSE: RLGY) blamed a drop in mortgage refinancing activity for reporting a loss for the first quarter.

Second quarter earnings more than doubled for Tyson Foods (NYSE: TSN) but the results fell short of expectations.

In the broad market, declining issues outpaced advancers by a margin of more than 4 to 1 on the NYSE and by nearly 5 to 1 on Nasdaq. The broader S&P 500 lost 5 points to 1876. Bitcoin fell $6.10 or 1.43% to $426.18.

Despite upbeat jobs data, the markets closed lower with the Dow falling 45 points to 16,512. Nasdaq slipped 3 points to 4,123.

On the upside 

Callidus Software (Nasdaq: CALD) narrowed first quarter losses as revenue soared to a record high.

Bargain hunters lifted shares of Athersys (Nasdaq: ATHX).

Equal Energy (NYSE: EQU) revised its contract with Scissortail Energy and extended its contract with Petroflow.

On the downside 

Doral Financial (NYSE: DRL) must revise its capital plan in order to remain in compliance with regulators.

Natural Grocers by Vitamin Cottage(NYSE: NGVC) reported higher second quarter earnings and revenue but sales fell short of expectations prompting the company to lower its full year guidance.

Sierra Wireless (Nasdaq: SWIR) reported a greater than expected loss for the first quarter and forecast current quarter earnings below estimates.

In the broad market, advancing issues outpaced decliners by a margin of more than 9 to 7 on the NYSE and by nearly 10 to 9 on Nasdaq. The broader S&P 500 slipped 2 points to 1881. Bitcoin fell $11.22 or 2.54% to $442.70.

The markets traded mixed during the midday with the Dow losing 12 points to 16,546 even as the nation's unemployment rate slipped. Nasdaq added 6 points to 4,134.

On the upside 

Maxwell Technologies (Nasdaq: MXWL) swung to a profit for the first quarter and appointed Dr. Frank Fink to the position of president and chief executive officer.

Nutrisystem (Nasdaq: NTRI) reported an unexpected profit for the first quarter as revenue rose.

DigitalGlobe (NYSE: DGI) narrowed losses for the first quarter as revenue climbed.

On the downside 

Actuate (Nasdaq: BIRT) disappointed by falling to a greater than expected loss for the first quarter.

SciQuest (Nasdaq: SQI) reported break-even results for the first quarter prompting Canaccord to lower its price target on the company.

Blucora (Nasdaq: BCOR) reported higher first quarter earnings and revenue but the company forecast current quarter results below analyst expectations.

In the broad market, advancing issues outpaced decliners by a margin of nearly 2 to 1 on the NYSE and by nearly 5 to 3 on Nasdaq. The broader S&P 500 edged up a fraction to 1884. Bitcoin lost $12.37 or 2.65% to $442.20.

The nation's employers added more jobs than expected in April to lift the markets to a higher open with the Dow rising 27 points to 16,585. Nasdaq added 8 points to 4,136.

On the upside 

Westport Innovations (Nasdaq: WPRT) narrowed first quarter losses as revenue climbed.

Sequenom (Nasdaq: SQNM) narrowed losses for the first quarter on higher revenue.

RXI Pharmaceuticals (Nasdaq: RXII) reported positive results for a study of RXI-109 in the eyes of cynomolgus monkeys.

On the downside 

Edocyte (Nasdaq: ECYT) and Merck (NYSE: MRK) halted a late stage study of their ovarian cancer treatment vintafolide because it was not effective.

ServiceSource International (Nasdaq: SREV) widened first quarter losses more than expected.

Immunomedics (Nasdaq: IMMU) priced its public offering of 9 million common shares at the discounted price of $3.35 per share.

In the broad market, advancing issues outpaced decliners by a margin of nearly 5 to 3 on the NYSE and by more than 7 to 5 on Nasdaq. The broader S&P 500 rose 5 points to 1888. Bitcoin lost $13.38 or 3.04% to $440.55.

The markets closed mixed with the Dow losing 21 points to 16,558 as jobless claims rose and consumer spending climbed. Nasdaq rose 12 points to 4,127.

On the upside 

CytRx (Nasdaq: CYTR) swung to a profit for the first quarter.

Iridium Communications (Nasdaq: IRDM) reported higher first quarter earnings and revenue that topped analyst expectations.

First quarter earnings fell for Vonage Holdings (NYSE: VG) but the results beat analyst estimates.

On the downside 

QuickLogic (Nasdaq: QUIK) narrowed losses for the first quarter as revenue climbed but the company forecast current quarter results below expectations.

Pacific Ethanol (Nasdaq: PEIX) widened losses for the first quarter even as revenue rose.

Stamps.com (Nasdaq: STMP) reported lower first quarter revenue that fell short of analyst expectations.

In the broad market, advancing issues outpaced decliners by a margin of more than 5 to 4 on the NYSE while decliners edged out advancers by more than 10 to 9 on Nasdaq. The broader S&P 500 held steady at 1883. Bitcoin rose $7.62 or 1.69% to $451.11.

The markets recovered early morning losses to trade mixed during the midday with the Dow slipping 3 points to 16,577 as consumer spending rose more than expected in March. Nasdaq gained 21 points to 4,135.

On the upside 

Yelp (NYSE: YELP) narrowed first quarter losses more than expected as revenue soared prompting upgrades.

Meritor (NYSE: MTOR) reversed year ago losses to post a stronger than expected profit for the second quarter prompting the company to raise its full year earnings guidance.

Pacific Biosciences of California (NYSE: PACB) narrowed first quarter losses as revenue more than doubled.

On the downside 

Sallie Mae (Nasdaq: SLM) completed the spin-off of Navient, its loan-management, servicing and asset-recovery business.

Emulex (NYSE: ELX) widened losses for the third quarter as revenue fell and forecast current quarter earnings and revenue below analyst expectations.

Monster Worldwide (NYSE: MWW) reported lower third quarter earnings and revenue.

In the broad market, advancing issues outpaced decliners by a margin of more than 3 to 2 on the NYSE and by more than 7 to 5 on Nasdaq. The broader S&P 500 added 2 points to 1886. Bitcoin added $9.52 or 2.10% to $453.01.

An unexpected increase in first time applications for unemployment benefits weighed the markets down to a lower open with the Dow falling 42 points to 16,538. Nasdaq slipped 3 points to 4,111.

On the upside 

Merrimack Pharmaceuticals (Nasdaq: MACK) reported positive results from a Phase 3 trial of its post-gemcitabine metastatic pancreatic cancer treatment MM-398 in combination with 5-flourouracil and leucovorin.

Catamaran (Nasdaq: CTRX) reported higher first quarter earnings and revenue that beat analyst expectations.

First quarter earnings and revenue fell for Weight Watchers International (NYSE: WTW) but the results were better than expected prompting the company to lift its full year earnings outlook.

On the downside 

Avon (NYSE: AVP) widened first quarter losses more than expected as revenue dropped and agreed to pay $135 million to settle bribery charges.

JDS Uniphase (Nasdaq: JDSU) narrowed first quarter losses as revenue rose but the results fell short of analyst expectations and the company forecast fourth quarter results that missed estimates.

Capstone Turbine (Nasdaq: CPST) will sell 18.825 million shares of common stock at the discounted price of $1.70 per share.

In the broad market, declining issues outpaced advancers by a margin of nearly 3 to 2 on the NYSE and by more than 2 to 1 on Nasdaq. The broader S&P 500 lost 4 points to 1879. Bitcoin added $2.81 or 0.63% to $446.30.

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