Higher open over possible rate increase delay

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The markets opened higher with the Dow climbing 73 points to 17,953 over expectations that the Federal Reserve will delay increasing interest rates until later this year  Nasdaq gained 28 points to 4,945.

On the upside

International Game Technology (NYSE: IGT) completed its merger with GTECH.

Oppenheimer initiated coverage of BIND Therapeutics (Nasdaq: BIND) with an Outperform rating and a price target of $14.

The National Aeronautics and Space Administration awarded Sysorex (Nasdaq: SYRX) a Solutions for Enterprise-Wide Procurement contract.

On the downside

Ocular Therapeutix (Nasdaq: OCUL) reported disappointing results from a second Phase 3 clinical trial of its ocular inflammation and pain treatment OTX-DP.

Genesis Energy (NYSE: GEL) priced its public offering of 4 million common units at the discounted price of $44.42 per unit.
 
Canada sold its stake of approximately 73.4 million shares of General Motors (NYSE: GM).

In the broad market, advancing issues outpaced decliners by a margin of nearly 10 to 9 on the NYSE and by more than 9 to 7 on Nasdaq. The broader S&P 500 rose 5 points to 2086. Bitcoin eased a fraction to $252.

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This page contains a single entry by published on April 7, 2015 6:43 AM.

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