Bargain hunters lift markets to higher open

Bargain hunters lifted the markets to a sharply higher open with the Dow soaring 104 points to 17,802.  Nasdaq gained 19 points to 4,899.

On the upside

Lumber Liquidators (NYSE: LL) reported preliminary first quarter revenue that surpassed analyst expectations.

FXCM (NYSE: FXCM) has repaid an additional $54 million of a loan from Leucadia.

CarMax (NYSE: KMX) reported sharply higher fourth quarter earnings that beat expectations as revenue rose.

On the downside

Axalta Coating Systems (NYSE: AXTA) upsized its secondary offering to 40 million common shares and priced the offering at the discounted price of $28 per share.

Conatus (Nasdaq: CNAT) priced its public offering of 3.5 million common shares at the discounted price of $5.75 per share.
Investors locked in profits on Voltari (Nasdaq: VLTC).

In the broad market, declining issues outpaced advancers by a margin of nearly 5 to 4 on the NYSE while advancers edged out decliners by more than 5 to 4 on Nasdaq. The broader S&P 500 gained 10 points to 2069. Bitcoin edged up to $245.

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This page contains a single entry by published on April 2, 2015 6:43 AM.

Lower close as factory activity expands at slower pace was the previous entry in this blog.

Markets modestly higher on jobs data is the next entry in this blog.

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