Oil continues rising, markets advance

The markets advanced during the midday with the Dow gaining 92 points to 17,973 as crude oil prices continued rising.  Nasdaq rose 23 points to 4,940.

On the upside

500.com (NYSE: WBAI) clarified that it was one of only two entities that the Ministry of Finance approved to provide online lottery sales services for China Sports Lottery Administration Center.

Shares of Cheetah Mobile (NYSE: CMCM) continued climbing after announcing yesterday that it had entered a commercial agreement with Nanigans.

Ocwen Financial (NYSE: OCN) affiliate Home Loans Servicing Solutions terminated plans to merge with New Residential Investment and will instead sell its assets to New Residential.

On the downside

Zacks Equity Research recommended buying PBF Energy (NYSE: PBF) but the stock price dropped.

Investors locked in profits on Voltari (Nasdaq: VLTC).
Hedge fund manager David Einhorn affirmed his recommendation to short Athenahealth (Nasdaq: ATHN) stock.

In the broad market, advancing issues outpaced decliners by a margin of 4 to 3 on the NYSE and by nearly 5 to 3 on Nasdaq. The broader S&P 500 gained 7 points to 2087. Bitcoin eased a fraction to $252.

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This page contains a single entry by published on April 7, 2015 10:34 AM.

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