Markets open higher as oil rises

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The markets opened higher with Dow climbing 72 points to 18,152 as crude oil prices rose. Nasdaq gained 23 points to 5,115.

On the upside

Hedge fund manager John Paulson acquired a 12% stake in Synthesis Energy Systems (Nasdaq: SYMX).

Windstream (Nasdaq: WIN) completed the tax-free spinoff of select telecommunications network assets into the independent publicly traded real estate investment trust Communications Sales and Leasing (Nasdaq: CSAL).

The Special Chamber of the International Tribunal of the Law of the Sea rejected a request by Cote d'Ivoire that Ghana suspend all ongoing exploration and development operations in a disputed maritime area in which Kosmos Energy (NYSE: KOS) expects to resume development activities.

On the downside

Celladon (Nasdaq: CLDN) reported disappointing results from a Phase 2b CUPID2 trial for its cardiovascular gene therapy agent MYDICAR(R) prompting a downgrade.

Akorn (Nasdaq: AKRX) will restate its 2014 annual report along with quarterly reports for period ended June 30, 2014, September 30, 2014 and December 31, 2014.

Applied Material (Nasdaq: AMAT) cancelled plans to merge with Tokyo Electron.
 
In the broad market, advancing issues outpaced decliners by a margin of 3 to 1 on the NYSE and by nearly 2 to 1 on Nasdaq. The broader S&P 500 rose 6 points to 2124. Bitcoin added $7 to $226.

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This page contains a single entry by published on April 27, 2015 6:43 AM.

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