Higher open as Greece begins privatization

The markets opened higher with Dow adding 8 points to 18,067 after Greece raised much needed funds from privatizing its horseracing gambling license. Nasdaq climbed 35 points to 5,091.

On the upside

LookSmart (Nasdaq: LOOK) will merge with Pyxis' wholly owned subsidiary Maritime Technologies.

Amazon (Nasdaq: AMZN) fell to a loss for the first quarter but the results were better than expected and revealed that its Amazon Web Services has grown into a $5 billion business prompting J.P. Morgan to upgrade the online retailer from a neutral rating to an overweight rating and lifted its price target from $375 to $535.

Acacia Research (Nasdaq: ACTG) narrowed first quarter losses as revenue rose.

On the downside

Aerie Pharmaceuticals (Nasdaq: AERI) reported disappointing results from a Phase 3 registration trial for Rhopressa.

Spectranetics (Nasdaq: SPNC) widened losses for the first quarter.

HomeAway (Nasdaq: AWAY) fell to a loss for the first quarter, forecast second quarter revenue below estimates and announced the resignation of president and chief operating officer Brent Bellm.
In the broad market, declining issues outpaced advancers by a margin of nearly 10 to 9 on the NYSE and by 9 to 7 on Nasdaq. The broader S&P 500 added 3 points to 2116. Bitcoin slipped $2 to $230.

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This page contains a single entry by published on April 24, 2015 6:43 AM.

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