Earnings lift markets to higher close

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Upbeat earnings lifted the markets to a higher close with Dow gaining 21 points to 18,080. Nasdaq climbed 36 points to 5,092.

On the upside

The Lancelot published positive results from a Phase 3 study of GlaxoSmithKline's (NYSE: GSK) malaria vaccine RTS,S, which incorporates Agenus' (NYSE: AGEN) QS021 Stimulon.

Shares of Vale (NYSE: VALE) climbed after rival iron ore producer BHP Billiton (NYSE: BHP) announced plans to scale down its expansion plans.

Third quarter earnings slipped for Microsoft (Nasdaq: MSFT) but the results topped analyst estimates prompting an upgrade.

On the downside

Catalyst Pharmaceutical's (Nasdaq: CPRX) rival Jacobus Pharmaceuticals presented positive data for a drug that is similar to one being developed by Catalyst.

DeVry Education Group (NYSE: DV) reported lower third quarter earnings and revenue.

ResMed (NYSE: RMD) reported higher quarter earnings and revenue but Macquarie downgraded the company from an Outperform rating to a Neutral rating.
 
In the broad market, advancing issues barely edged out decliners by a slim margin on the NYSE while decliners outpaced advancers by nearly 5 to 4 on Nasdaq. The broader S&P 500 added 4 points to 2117. Bitcoin edged up $1 to $230.

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This page contains a single entry by published on April 24, 2015 3:44 PM.

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