March 2016 Archives

The markets closed lower with the Dow losing 31 points to 17,685 ahead of the March payrolls report tomorrow. Nasdaq held steady at 4,869.


On the upside


Genocea Biosciences (Nasdaq: GNCA) reported positive 12-month efficacy data from a Phase 2 trial of GEN-003 to treat genital herpes.


Reuters reported that Medivation (Nasdaq: MDVN) engaged in discussions with JPMorgan Chase to explore a possible sale of the company.


Sky Solar Holdings (Nasdaq: SKYS) narrowed losses for the fourth quarter as revenue soared.


On the downside


aTyr Pharma (Nasdaq: LIFE) widened losses as expenses surged.


Anacor Pharmaceuticals (Nasdaq: ANAC) will offer $250 million in convertible senior notes.


Silver Wheaton (NYSE: SLW) entered a $500 million bought deal financing with RBC Capital Markets, BMO Capital Markets, CBIC Capital Markets and Scotiabank.


In the broad market, advancing issues outpaced decliners by a margin of nearly 3 to 2 on the NYSE and by more than 9 to 7 on Nasdaq. The broader S&P 500 lost 4 points to 2,059. Bitcoin added $2 to $415. 

Higher close on upbeat jobs data

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The markets closed higher with the Dow climbing 83 points to 17,716 as the nation's private sector added more jobs than expected in March.  Nasdaq gained 22 points to 4,869.


On the upside


Lululemon Athletica (Nasdaq: LULU) reported higher fourth quarter earnings and revenue that surpassed analyst expectations.


DragonWave (Nasdaq: DRWI) launched an online eCommerce store.


Argos Therapeutics (Nasdaq: ARGS) widened fourth quarter losses as revenue fell but the stock price climbed.


On the downside


Vince Holding (NYSE: VNCE) disappointed with lower fourth quarter earnings and revenue.


Profit taking weighed down shares of EP Energy (NYSE: EPE).


NeuStar (NYSE: NSR) senior vice president of sales Rob Gatto will leave the company.


In the broad market, advancing issues outpaced decliners by a margin of nearly 2 to 1 on the NYSE and by 5 to 3 on Nasdaq. The broader S&P 500 gained 8 points to 2,063. Bitcoin slipped $1 to $412. 

Rebounding crude oil prices lifted the markets to a sharply higher open with the Dow leaping 115 points to 17,748. Nasdaq soared 45 points to 4,892.


On the upside


Shares of California Resources (NYSE: CRC) rebounded as crude oil prices rose.


A Food and Drug Administration advisory committee voted to support Acadia Pharmaceuticals' (Nasdaq: ACAD) NUPLAZID to treat psychosis associated with Parkinson's disease.


Restoration Hardware (NYSE: RH) reported lower fourth quarter earnings but revenue climbed.


On the downside


ContraVir Pharmaceuticals (Nasdaq: CTRV) priced its public offering of approximately 4.9 million common shares and warrants at the discounted price of $1.42 per unit.


Fourth quarter earnings and revenue fell short of expectations for Verint Systems (Nasdaq: VRNT) and the company forecast full year results below estimates.


The Food and Drug Administration issued a Complete Response Letter to Opko Health (NYSE: OPK) for its New Drug Application for RAYALDEE to treat secondary hyperparathyroidism in patients with stage 3 or 4 chronic kidney disease and vitamin D insufficiency.


In the broad market, advancing issues outpaced decliners by a margin of more than 5 to 2 on the NYSE and by nearly 5 to 2 on Nasdaq. The broader S&P 500 soared 12 points to 2,067. Bitcoin lost $3 to $410. 

Reassurances by Federal Reserve Chair Janet Yellen that interest rates would increase slowly and cautiously lifted the markets to a sharply higher close with the Dow soaring 97 points to 17,633. Nasdaq leaped 79 points to 4,846.


On the upside


Zacks Equity Research listed Himax Technologies (Nasdaq: HIMX) as one of five income stocks to buy now.


Ohr Pharmaceuticals (Nasdaq: OHRP) reached an agreement on the Special Protocol Assessment with the Food and Drug Administration on the design of the Phase III trial for squalamine lactate opthalmic solution to treat neovascular age-related macular degeneration.


Rising gold prices lifted shares of Compania de Minas Buenaventura (NYSE: BVN).


On the downside


Conns (Nasdaq: CONN) disappointed with sharply lower fourth quarter earnings.


Puma Biotech (NYSE: PBYI) delayed filing the New Drug Application for its extended adjuvant breast cancer treatment neratinib.


Investors locked in profits on Celator Pharmaceuticals (Nasdaq: CPXX).


In the broad market, advancing issues outpaced decliners by a margin of nearly 4 to 1 on the NYSE and by more than 3 to 1 on Nasdaq. The broader S&P 500 soared 17 points to 2,055. Bitcoin fell $7 to $413. 

Retreating crude oil prices weighed the markets down to a lower open with the Dow falling 64 points to 17,470. Nasdaq lost 5 points to 4,761.


On the upside


Keryx Biopharmaceuticals (Nasdaq: KERX) reported positive results from a Phase 3 study of ferric citrate to treat iron deficiency anemia in adults with stage 3-5 non-dialysis dependent chronic kidney disease.


Louisiana regulators approved the proposed sale of Cleco (NYSE: CNL) to an investor grip led by Macquarie.


An independent third party study reported that ContraVir Pharmaceuticals' (Nasdaq: CTRV) hepatitis B treatment CMX157 outperformed Gilead's tenofovir alafenamide fumarate.


On the downside


SunEdison (NYSE: SUNE) may be close to filing for bankruptcy protection.


Falling crude oil prices weighed down shares of California Resources (NYSE: CRC).


Congressional leaders asked the National Institutes of Health and the US Department of Health and Human Services to lower the price of Medivation's (Nasdaq: MDVN) prostate cancer drug Xtandi.


In the broad market, declining issues outpaced advancers by a margin of more than 5 to 3 on the NYSE and by more than 2 to 1 on Nasdaq. The broader S&P 500 lost 6 points to 2,031. Bitcoin fell $6 to $414. 

The markets closed flat with the Dow adding 19 points to 17,535 ahead of Federal Reserve chair Janet Yellen's speech tomorrow. Nasdaq lost 6 points to 4,766.


On the upside


BB&T Capital Markets upgraded Finish Line (Nasdaq: FINL) from a Hold rating to a Buy rating.


Bloomberg reported that Virgin America (Nasdaq: VA) received acquisition offers from Alaska Air Group (NYSE: ALK) and JetBlue (Nasdaq: JBLU).


Cal-Maine Foods (Nasdaq: CALM) reported higher fourth quarter earnings and revenue that surpassed analyst expectations.


On the downside


Shares of MannKind (Nasdaq: MNKD) extended its losses.


Vericel (Nasdaq: VCEL) announced the publication of the clinical rationale and study design for it's Phase 2b ixCELL-DCM clinical trial of ixmyelocel-T in patients with advanced heart failure due to ischemic dilated cardiomyopathy.


PJT Partners (NYSE: PJT) partner Andrew Caspersen was fired for securities and wire fraud.


In the broad market, advancing issues outpaced decliners by a margin of more than 9 to 7 on the NYSE while decliners edged out advancers by 9 to 7 on Nasdaq. The broader S&P 500 added a point to 2,037. Bitcoin slipped $2 to $421. 

Pending home sales rose 3.5% in February to lift the markets to a higher open with the Dow rising 31 points to 17,547. Nasdaq added 4 points to 4,778.


On the upside


Alder Biopharmaceuticals (Nasdaq: ALDR) reported positive results from a Phase 2b clinical trial of ALD403 to prevent migraine headaches.


The Food and Drug Administration said that Acadia Pharmaceuticals' (NYSE: ACAD) Parkinson's disease hallucination treatment Nuplazid posed substantial safety risk to patients but the stock price rose ahead of a meeting between a panel of outside experts and Acadia representatives tomorrow.


Bargain hunters lifted shares of SunEdison (NYSE: SUNE).


On the downside


Pandora Media (NYSE: P) co-founder Tim Westergren will replace Brian McAndrews as chief executive.


Apricus Biosciences (Nasdaq: APRI) reported disappointing results from a Phase 2b study of fispermifene to treat symptomatic secondary hypogonadism.


Shares of Stone Energy (NYSE: SGY) continued to fall.


In the broad market, advancing issues outpaced decliners by a slim margin of nearly 10 to 9 on the NYSE while decliners edged out advancers by 10 to 9 on Nasdaq. The broader S&P 500 added a point to 2,037. Bitcoin slipped $2 to $421. 

U.S. markets closed

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U.S. markets are closed for Good Friday.

The markets recovered to close flat with the Dow rising 13 points to 17,515 as durable goods orders fell less than expected last month. Nasdaq added 4 points to 4,773.


On the upside


Mercury Systems (NYSE: MRY) will acquire the embedded security and custom microelectronics businesses of Microsemi (Nasdaq: MSCC).


NQ Mobile (NYSE: NQ) announced a further arrangement to its FL Mobile Divestment.


Taiwan's Fair Trade Commission suspended a regulatory review of Advanced Semiconductor Engineering's hostile takeover of Siliconware Precision Industries (Nasdaq: SPIL).


On the downside


DS Healthcare Group (Nasdaq: DSKX) must restate financials for the quarters ended June 30, 2015 and September 30, 2015 due to errors.


Sportsman's Warehouse (Nasdaq: SPWH) reported higher fourth quarter earnings and revenue but the company forecast current quarter and full year revenue that fell short of expectations.


Vitae Pharmaceuticals (Nasdaq: VTAE) priced its public offering of approximately 5.83 million common shares at the discounted price of $6.00 per share.


In the broad market, advancing issues barely edged out decliners by a slim margin on the NYSE and by 5 to 4 on Nasdaq. The broader S&P 500 eased a fraction to 2,035. Bitcoin slipped $1 to $416. 

The markets traded lower during the midday with the Dow tumbling 69 points to 17,433 as first time applications for jobless claims rose last week. Nasdaq fell 16 points to 4,752.


On the upside


The addition of a new director to Pandora Media's (NYSE: P) board sparked speculation that the company was exploring a possible sale.


Zacks Equity Research noted that Apricus Biosciences (Nasdaq: APRI) has climbed 12.2% over the past four weeks.


A federal judge criticized the Federal Trade Commission in the anti-trust suit to block the proposed merger between Staples (Nasdaq: SPLS) and Office Depot (Nasdaq: ODP).


On the downside


Sigma Designs (Nasdaq: SIGM) fell to a loss for the fourth quarter as revenue dropped.


Investors locked in profits on Pernix Therapeutics (Nasdaq: PTX).


Profit taking weighed down shares of Celator Pharmaceuticals (Nasdaq: CPXX).


In the broad market, declining issues outpaced advancers by a margin of more than 5 to 3 on the NYSE by more than 5 to 4 on Nasdaq. The broader S&P 500 fell 10 points to 2,026. Bitcoin slipped $1 to $416. 

Falling crude oil prices sent the markets down to a lower open with the Dow dropping 80 points to 17,422. Nasdaq lost 15 points to 4,753.


On the upside


General Steel Holdings (NYSE: GSI) will sell its equity interest in Maoming Hengda Steel to Tianwu Tongyong International Trade for approximately $51 million.


The New York Times reported that TiVo (Nasdaq: TIVO) engaged in discussions to be acquired by Rovi (Nasdaq: ROVI).


Shares of Office Depot (Nasdaq: ODP) continued rising.


On the downside


Portola Pharmaceuticals (Nasdaq: PTLA) reported disappointing results from a Phase 3 APEX clinical trial of betrixaban to prevent blood clot in acute medically ill patients.


Antero Midstream Partners (NYSE: AM) priced its public offering of 8 million common units at the discounted price of $22.40 per common unit.


Lannett (NYSE: LCI) cut its full year forecast prompting a downgrade.


In the broad market, declining issues outpaced advancers by a margin of nearly 5 to 1 on the NYSE by 7 to 2 on Nasdaq. The broader S&P 500 fell 10 points to 2,026. Bitcoin slipped $1 to $416. 

A drop in commodities prices sent the markets tumbling to a lower close with the Dow falling 79 points to 17,502. Nasdaq plunged 52 points to 4,768.


On the upside


Washington D.C. regulators approved Exelon's (NYSE: EXC) proposed $6.8 billion acquisition of Pepco Holdings (NYSE: POM).


Bargain hunters lifted shares of BP Prudhoe Bay Royalty Trust (NYSE: BPT).


Shares of Valeant Pharmaceuticals (NYSE: VRX) climbed again.


On the downside


Falling crude oil prices weighed down shares of Chesapeake Energy (NYSE: CHK) and Oasis Petroleum (NYSE: OAS).


Shares of Teck Resources (NYSE: TCK) dropped as copper prices fell.


The Food and Drug Administration extended the Prescription Drug User Fee Act action date for Insys Therapeutics' (Nasdaq: INSY) Syndros by three months to July 1, 2016.


In the broad market, declining issues outpaced advancers by a margin of nearly 3 to 1 on the NYSE by nearly 4 to 1 on Nasdaq. The broader S&P 500 dropped 13 points to 2,036. Bitcoin added $2 to $417. 

Markets lower at midday

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The markets traded lower during the midday with the Dow slipping 9 points to 17,572. Nasdaq fell 32 points to 4,788.


On the upside


Bloomberg reported that Virgin America (Nasdaq: VA) may be exploring a possible sale of the company.


Fourth quarter earnings for HealthEquity (Nasdaq: HQY) more than doubled to surpass analyst expectations as revenue climbed.


Southcross Energy Partners (NYSE: SXE) stock continued to rise.


On the downside


Quebec securities regulators charged Amaya (Nasdaq: AYA) chief executive David Baazov with insider trading.


Hedge fund Kerrisdale Capital shorted Sage Therapeutics (Nasdaq: SAGE).


Shares of Stone Energy (NYSE: SGY) fell as crude oil prices slipped.


In the broad market, declining issues outpaced advancers by a margin of 7 to 3 on the NYSE by more than 5 to 3 on Nasdaq. The broader S&P 500 fell 6 points to 2,043. Bitcoin edged up to $416. 

Lower open as crude oil slips

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The markets opened lower with the Dow falling 45 points to 17,537 as crude oil prices slipped. Nasdaq dropped 22 points to 4,799.


On the upside


Celator Pharmaceuticals (Nasdaq: CPXX) priced its public offering of 4 million common stock at the price of $9.50 per share.


The journal Proceedings of the National Academy of Sciences published upbeat clinical data about Cerulean Pharma's (Nasdaq: CERU) CRLX101.


TheStreet identified Pernix Therapeutics (Nasdaq: PTX) as one of six biotech stocks under $10 that is poised to breakout.


On the downside


Pinnacle Foods (NYSE: PF) chief executive Robert J. Gamgort will leave the company to assume the chief executive position at Keurig Green Mountain (Nasdaq: GMCR).


SunEdison (NYSE: SUNE) stock extended its losses.


Retreating gold prices weigh down shares of Yamana Gold (NYSE: AUY).


In the broad market, declining issues outpaced advancers by a margin of 5 to 2 on the NYSE by more than 2 to 1 on Nasdaq. The broader S&P 500 fell 6 points to 2,043. Bitcoin held steady at $415. 

The markets closed mixed with the Dow falling 41 points to 17,582 as the world mourns with Belgium. Nasdaq gained 12 points to 4,821.


On the upside


Staples (Nasdaq: SPLS) argued in the antitrust case filed by the Federal Trade Commission against the proposed merger between Staples and Office Depot (Nasdaq: ODP) that Amazon's (Nasdaq: AMZN) entry into the office supplies business would increase competition.


Shares of ContraVir Pharmaceuticals (Nasdaq: CTRV) continued climbing.


Athersys (NYSE: ATHX) presented at the Alliance for Regenerative Medicine's 4th Annual Cell and Gene Therapy Investor Day in New York today.


On the downside


TerraForm Global (Nasdaq: GLBL) stock fell after announcing yesterday that it canceled its proposed acquisition of Globeleq Mesoamerica Energy.


Shares of BP Prudhoe Bay Royalty Trust (NYSE: BPT) continued to falling.


Transocean (NYSE: RIG) chief executive Jeremy Thigpen told Bloomberg that rig day rates would not increase for at least three years.


In the broad market, declining issues outpaced advancers by a margin of more than 10 to 9 on the NYSE by nearly 10 to 9 on Nasdaq. The broader S&P 500 slipped a point to 2,049. Bitcoin rose $4 to $415. 

ISIS claimed responsibility for the Brussels bombings that killed at least 34 people. The markets traded mixed with the Dow slipping 3 points to 17,620. Nasdaq gained 13 points to 4,822.


On the upside


Lumber Liquidators (NYSE: LL) reached an agreement with the California Air Resources Board to resolve an inquiry regarding laminate flooring products from China.


Boston Business Journal listed Radius Health (Nasdaq: RDUS) as the fastest growing biotech firm in Massachusetts.


Valeant Pharmaceuticals (NYSE: VRX) extended its gains.


On the downside


Dean Foods' (NYSE: DF) largest customer, Wal-Mart (NYSE: WMT), announced plans to build its own milk processing plant in Indiana.


Fourth quarter earnings for Mattress Firm Holding (Nasdaq: MFRM) fell short of expectations.


Debtwire reported that SunEdison (NYSE: SUNE) entered negotiations with its creditors.


In the broad market, declining issues outpaced advancers by a margin of 9 to 7 on the NYSE and by more than 10 to 9 on Nasdaq. The broader S&P 500 held steady at 2,051. Bitcoin gained $4 to $415. 

The markets opened lower with the Dow falling 42 points to 17,580 as terrorist explosions rocked Brussels. Nasdaq lost 6 points to 4,802.


On the upside


Akorn (Nasdaq: AKRX) reported preliminary unaudited financial results for 2015 and expects to file its restated 2014 financials by May 9, 2016.


NQ Mobile (NYSE: NQ) reversed year ago losses to post a profit for the fourth quarter as revenue surged.


Bargain hunters snapped up shares of Celldex Therapeutics (Nasdaq: CLDX).


On the downside


G-III Apparel Group (Nasdaq: GIII) disappointed with sharply lower fourth quarter earnings that fell far short of expectations and forecast current quarter earnings below estimates.


Adecoagro (NYSE: AGRO) priced its public offering of 12 million common shares at the discounted price of $11.70 per share.


Retreating crude oil prices weighed down shares of Denbury Resources (NYSE: DNR).


In the broad market, declining issues outpaced advancers by a margin of nearly 7 to 2 on the NYSE and by nearly 7 to 3 on Nasdaq. The broader S&P 500 lost 4 points to 2,046. Bitcoin gained $4 to $414. 

Modestly higher close

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The markets closed modestly higher with the Dow rising 21 points to 17,623 even as sales of existing homes fell 7.1% in February. Nasdaq gained 13 points to 4,808.


On the upside


Shares of Cara Therapeutics (Nasdaq: CARA) continued to climb.


Boeing (NYSE: BA) stock climbed for the eighth day in a row.


The Food and Drug Administration approved Aratana Therapeutics' (Nasdaq: PETX) treatment for osteoarthritis pain and inflammation in dogs.


On the downside


The Wall Street Journal said that BP Prudhoe Bay Royalty Trust (NYSE: BPT) was dying.


Northland Capital downgraded EP Energy (NYSE: EPE) from a Market Perform rating to an Under Perform rating.


MicroVision (Nasdaq: MVIS) will sell common shares through a public offering.


In the broad market, advancing issues barely edged out decliners by a slim margin on the NYSE and by nearly 10 to 9 on Nasdaq. The broader S&P 500 added 2 points to 2,051. Bitcoin slipped $1 to $411. 

The markets recovered to trade higher during the midday with the Dow rising 22 points to 17,624 as crude oil prices edged up. Nasdaq gained 8 points to 4,803.


On the upside


Shares of OvaScience (Nasdaq: OVAS) extended its gains.


Top Nasdaq Stocks added Kitov Pharmaceuticals (NYSE: KTOV) to its watch list.


A group of thirty-six doctors who specialize in Duchenne muscular dystrophy sent a letter to the Food and Drug Administration that urged approval of Sarepta Therapeutics' (Nasdaq: SRPT) experimental treatment eteplirsen.


On the downside


Profit taking sank shares of Pengrowth Energy (NYSE: PGH).


Investors locked in profits on Diamond Resorts International (NYSE: DRII).


SunEdison (NYSE: SUNE) yieldco TerraForm Global (Nasdaq: GLBL) cancelled a deal to buy Globeleq Mesoamerica Energy.


In the broad market, declining issues outpaced advancers by a margin of nearly 6 to 5 on the NYSE while advancers edged out decliners by more than 10 to 9 on Nasdaq. The broader S&P 500 added a point to 2,051. Bitcoin lost $2 to $410. 

The markets opened lower with the Dow falling 36 points to 17,565 as investors monitored global events. Nasdaq lost 7 points to 4,787.


On the upside


Valeant Pharmaceuticals (NYSE: VRX) chief executive Michael Pearson will leave the company and activist investor Bill Ackman will join the company's board.


Sherwin-Williams (NYSE: SHW) will pay a premium of approximately $11.3 billion in cash to acquire Valspar (NYSE: VAL).


Bargain hunters continued to snap up shares of Oncothyreon (Nasdaq: ONTY).


On the downside


Affymetrix (Nasdaq: AFFX) rejected a $1.5 billion acquisition offer from Origin Technologies.


Trinseo (NYSE: TSE) announced a secondary offering of 9.6 million common shares.


Shares of Whiting Petroleum (NYSE: WLL) continued to fall.


In the broad market, advancing issues outpaced decliners by a margin of 5 to 4 on the NYSE and by 7 to 5 on Nasdaq. The broader S&P 500 lost 4 points to 2,045. Bitcoin lost $2 to $410. 

Higher close even as oil slips

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The markets closed higher with the Dow surging 120 points to 17,602 even as crude oil prices slipped. Nasdaq gained 20 points to 4,795.


On the upside


Bank of America (NYSE: BAC) will repurchase up to $800 million worth of common shares.

 

Susquehanna downgraded Micron Technology (Nasdaq: MU) from a Positive rating to a Neutral rating but the stock price rose.


Intel (Nasdaq: INTC) may sell $1 billion worth of its venture capital unit's assets.


On the downside


Shares of Valeant Pharmaceuticals (NYSE: VRX) continued to fall.


Retreating crude oil prices weighed down shares of EXCO Resources (NYSE: XCO) and Whiting Petroleum (NYSE: WLL).


Offshore drilling services provider Transocean (NYSE: RIG) fell as crude oil prices retreated.


In the broad market, advancing issues outpaced decliners by a margin of more than 3 to 2 on the NYSE and by more than 5 to 3 on Nasdaq. The broader S&P 500 gained 8 points to 2,049. Bitcoin dropped $10 to $406. 

Markets trade higher at midday

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The markets traded higher during the midday with the Dow climbing 99 points to 17,581. Nasdaq gained 22 points to 4,797.


On the upside


A group of former Affymetrix (Nasdaq: AFFX) executives topped Thermo Fisher Scientific's $1.3 billion offer to acquire the company by offering a premium of approximately $1.5 billion in cash.

 

Bargain hunters continued to lift shares of MannKind (Nasdaq: MNKD).


Shares of Oncothyreon (Nasdaq: ONTY) climbed on bargain hunting.


On the downside


The Food and Drug Administration issued a Complete Response Letter to Eagle Pharmaceuticals (Nasdaq: EGRX) for its KANGIO New Drug Application.


CymBay Therapeutics (Nasdaq: CBAY) reported that MBX-8025 has potential to treat homozygous familial hypercholesterolemia but the range of responses was broad.


Shares of Rex Energy (Nasdaq: REXX) extended its losses.


In the broad market, advancing issues outpaced decliners by a margin of more than 5 to 3 on the NYSE and by nearly 7 to 3 on Nasdaq. The broader S&P 500 rose 7 points to 2,048. Bitcoin fell $7 to $409. 

Markest soar as crude oil climbs

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The markets soared higher at the open with the Dow surging 104 points to 17,586 as crude oil prices continued to climb. Nasdaq rose 8 points to 4,783.


On the upside


Shares of Cliffs Natural Resources (NYSE: CLF) climbed for the third day in a row.

 

Rising crude oil prices lifted shares of Chesapeake Energy (NYSE: CHK) and Laredo Petroleum (NYSE: LPI).


Eclipse Resources (Nasdaq: ECR) will present at the Scotia Howard Weil Energy Conference on Wednesday March 23, 2016 and at the IPAA OGIS Conference on Tuesday April 12, 2016.


On the downside


Heat Biologics (Nasdaq: HTBX) priced its public offering of 9.1 million common shares at the discounted price of $0.75 per share.


Synergy Pharmaceuticals (Nasdaq: SGYP) entered exchange agreements with certain notes holders.


investors locked in profits on Columbia Pipeline Partners (NYSE: CPPL).


In the broad market, advancing issues outpaced decliners by a margin of nearly 3 to 1 on the NYSE and by more than 2 to 1 on Nasdaq. The broader S&P 500 gained 8 points to 2,049. Bitcoin lost $5 to $412. 

Markets soar as commodities rise

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The markets closed sharply higher with the Dow surging 155 points to 17,481 as crude oil and commodities climbed. Nasdaq gained 11 points to 4,774.


On the upside


Rising copper prices lifted shares of Teck Resources (NYSE: TCK).

 

Two Sarepta Therapeutics (Nasdaq: SRPT) directors along with the chairman purchased $2.5 million worth of company stock.


Bargain hunters continued to lift shares of MannKind (Nasdaq: MNKD).


On the downside


Reuters reported that creditors were attempting to renegotiate agreements with Valeant Pharmaceuticals (NYSE: VRX).


Jabil Circuit (NYSE: JBL) reported second quarter earnings and revenue that fell short of expectations and forecast current quarter results below estimates.


Shares of Aralez Pharmaceuticals (Nasdaq: ARLZ) continued falling.


In the broad market, advancing issues outpaced decliners by a margin of more than 4 to 1 on the NYSE and by nearly 7 to 3 on Nasdaq. The broader S&P 500 climbed 13 points to 2,040. Bitcoin added $3 to $418. 

Markets surge as crude oil climbs

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The markets surged during the midday with the Dow soaring 135 points to 17,461 as crude oil prices climbed above $41 per barrel. Nasdaq rose 9 points to 4,773.


On the upside


Morgan Stanley upgraded Helix Energy Solutions (NYSE: HLX) from an Equal Weight rating to an Overweight rating.

 

Shares of Itau Unibanco (NYSE: ITUB) rose as the value of the real rose.


Rising crude oil prices lifted shares of Cliffs Natural Resourcs (NYSE: CLF).


On the downside


Endo International (Nasdaq: ENDP) stock extended its losses.


Bio Blast Pharma (Nasdaq: ORPN) priced its registered direct offering.


Shares of Pernix Therapeutics (Nasdaq: PTX) continued falling.


In the broad market, advancing issues outpaced decliners by a margin of more than 7 to 2 on the NYSE and by more than 3 to 2 on Nasdaq. The broader S&P 500 climbed 12 points to 2,039. Bitcoin added $2 to $418. 

Mixed open a jobless claims rise

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The markets opened mixed with the Dow rising 27 points to 17,353 while Nasdaq fell 16 points to 4,747 as first time applications for unemployment benefits rose.


On the upside


Vitae Pharmaceuticals (Nasdaq: VTAE) reported positive results from a Phase 2a proof-of-concept clinical trial of VTP-43742 in psoriatic patients.

 

Rofin-Sinar Technologies (Nasdaq: RSTI) will be acquired by Coherent in a cash deal valued at approximately $942 million.


Bargain hunters lifted shares of Banco Bradesco (NYSE: BBD).


On the downside


Guess' (NYSE: GES) disappointed with lower fourth quarter earnings and revenue and warned of losses for the current quarter.


Scorpio Bulkers (NYSE: SALT) priced its public offering of 21 million common shares at the discounted price of $3.00 per share.


Southcross Energy Partners (NYSE: SXE) warned that it may file for bankruptcy.


In the broad market, advancing issues outpaced decliners by a margin of nearly 9 to 7 on the NYSE while decliners edged out advancers by nearly 5 to 4 on Nasdaq. The broader S&P 500 slipped 2 points to 2,024. Bitcoin added $2 to $418. 

The markets rebounded to close higher with the Dow gaining 74 points to 17,325 after the Federal Reserve held interest rates steady. Nasdaq climbed 35 points to 4,763.


On the upside


Bargain hunters lifted shares of SemGroup (NYSE: SEMG).

 

Shares of Qiwi (Nasdaq: QIWI) climbed on bargain hunting.


Bellatrix Exploration (NYSE: BXE) reported a smaller than expected loss for the fourth quarter.


On the downside


Investors continued to lock in profits on Zynerba Pharmaceuticals (Nasdaq: ZYNE).


Court-ordered examiner Richard Davis wrote that Caesars Entertainment (Nasdaq: CZR) may have to pay up to $5.1 billion in damages related to deals that precipitated the company's bankruptcy filing.


Profit taking sank shares of GW Pharmaceuticals (Nasdaq: GWPH).


In the broad market, advancing issues outpaced decliners by a margin of more than 4 to 1 on the NYSE and by nearly 3 to 2 on Nasdaq. The broader S&P 500 climbed 10 points to 2,026. Bitcoin edged up to $416. 

A 0.2% drop in consumer prices weighed the markets down during the midday with the Dow falling 35 points to 17,215. Nasdaq lost 5 points to 4,723.


On the upside


CymaBay Therapeutics (Nasdaq: CBAY) will present at the 28th Annual ROTH Conference this morning.

 

Shares of EP Energy (NYSE: EPE) continued rising desire a downgrade on Monday.


Rebounding crude oil prices lifted shares of Teekay Offshore Partners (NYSE: TOO).


On the downside


Everi Holdings (NYSE: EVRI) widened fourth quarter losses more than expected.


Citron Research tweeted that Mallinckrodt (NYSE: MNK) was another Valeant (NYSE: VRX).


TerraForm Power (Nasdaq: TERP) delayed filing its annual report.


In the broad market, advancing issues outpaced decliners by a margin of more than 7 to 5 on the NYSE and by more than 10 to 9 on Nasdaq. The broader S&P 500 lost 3 points to 2,012. Bitcoin held steady at $415. 

The markets opened mixed with the Dow slipping 2 points to 17,248 as consumer prices slipped 0.2% in February. Nasdaq rose 11 points to 4,739.


On the upside


Capnia (Nasdaq: CAPN) entered a five-year distribution agreement with Shanghai CiiC Science and Technology Development Company to sell, market and distribute CoSense in China.

 

Bio Blast Pharma (Nasdaq: ORPN) reported positive results from a HOPEMD Phase 2 clinical study in patients with oculopharyngeal muscular dystrophy.


Bargain hunters lifted shares of Endo International (Nasdaq: ENDP).


On the downside


Peabody Energy (NYSE: BTU) may file for bankruptcy protection.


Shares of Cliffs Natural Resources (NYSE: CLF) continued falling.


QuickLogic (Nasdaq: QUIK) priced its public offering of 10 million shares of common stock at the discounted price of $1.00 per share.


In the broad market, advancing issues outpaced decliners by a margin of 7 to 5 on both the NYSE and on Nasdaq. The broader S&P 500 edged up a fraction to 2,016. Bitcoin held steady at $415. 

Mixed close as Fed meets

|

The markets closed mixed with the Dow rising 22 points to 17,251 as the Federal Reserve meets. Nasdaq dropped 21 points to 4,728.


On the upside


Fourth quarter earnings and revenue surged for Inogen (Nasdaq: INGN) to surpass analyst expectations and the company forecast full year revenue ahead of estimates.

 

Bargain hunters lifted shares of Vericel (Nasdaq: VCEL).


Outerwall (Nasdaq: OUTR) doubled its quarterly dividend and announced plans to explore strategic alternatives to maximize shareholder value.


On the downside


Shares of Endo International (Nasdaq: ENDP) plummeted in reaction to Valeant's (Nasdaq: VRX) disappointing results.


Investors locked in profits on Zynerba Pharmaceuticals (Nasdaq: ZYNE).


Aralez Pharmaceuticals (Nasdaq: ARLZ) fell to a loss for the fourth quarter.


In the broad market, declining issues outpaced advancers by a margin of nearly 3 to 1 on the NYSE and by more than 3 to 1 on Nasdaq. The broader S&P 500 slipped 3 points to 2,015. Bitcoin added $1 to $415. 

A drop in crude oil prices weighed the markets down during the midday with the Dow losing 34 points to 17,194. Nasdaq fell 26 points to 4,724.


On the upside


Ferro (NYSE: FOE) recently received and rejected an acquisition offer from Apollo Global Management.

 

ITT Educational Services (NYSE: ESI) reported better than expected earnings for the fourth quarter.


The Children's Place (Nasdaq: PLCE) reported higher fourth quarter earnings and revenue and forecast current quarter and full year earnings above expectations.


On the downside


Constellium (NYSE: CSTM) widened losses for the fourth quarter.


InVivo Therapeutics (Nasdaq: NVIV) priced its public offering of 3.7 million units at the discounted price of $7.50 per unit.


Bellicum Pharmaceuticals (Nasdaq: BLCM) reported a loss for the fourth quarter.


In the broad market, declining issues outpaced advancers by a margin of more than 4 to 1 on the NYSE and by more than 5 to 2 on Nasdaq. The broader S&P 500 lost 9 points to 2,010. Bitcoin added $1 to $415. 

The markets opened lower with the Dow dropping 76 points to 17,152 as producer prices fell 0.2% in February. Nasdaq tumbled 36 points to 4,713.


On the upside


Celator Pharmaceuticals (Nasdaq: CPXX) reported positive results from a Phase 3 trial of VYXEOS to treat patients with high risk acute myeloid leukemia.

 

Solazyme (Nasdaq: SZYM) narrowed losses for the fourth quarter and signed a five-year supply agreement with Unilever valued at more than $200 million.


Shares of Mead Johnson (NYSE: MJN) surged on speculation that the company may be acquired.


On the downside


Valeant Pharmaceuticals (NYSE: VRX) reported a greater than expected loss for the fourth quarter and slashed its forecast for the current quarter and full year.


Gerdau (NYSE: GGB) reported a loss for the fourth quarter.


JPMorgan and Gabelli & Co. downgraded 3D Systems (NYSE: DDD).


In the broad market, declining issues outpaced advancers by a margin of more than 4 to 1 on the NYSE and by 7 to 2 on Nasdaq. The broader S&P 500 fell 12 points to 2,007. Bitcoin added $2 to $415. 

The markets closed flat with the Dow adding 15 points to 17,229 ahead of the Federal Reserve's two-day policy setting meeting. Nasdaq edged up a point to 4,750.


On the upside


Shares of DryShips (Nasdaq: DRYS) rose after completing its 1-for-25 reverse stock split on Friday.

 

Bargain hunters lifted shares of Zogenix (Nasdaq: ZGNX).


Shares of Energous (Nasdaq: WATT) extended its gains.


On the downside


Harte-Hanks (NYSE: HHS) entered a new $110 million senior secured credit facility.


Shares of Capital Product Partners (Nasdaq: CPLP) continued falling.


Retreating crude oil prices weighed down shares of EXCO Resources (NYSE: XCO) and California Resources (NYSE: CRC).


In the broad market, declining issues outpaced advancers by a margin of 9 to 7 on the NYSE and by nearly 5 to 4 on Nasdaq. The broader S&P 500 slipped 2 points to 2,019. Bitcoin edged up to $413. 

Markets rebound at midday

|

The markets rebounded during the midday to trade higher with the Dow rising 30 points to 17,244. Nasdaq gained 8 points to 4,757.


On the upside


Zynerba Pharmaceuticals (Nasdaq: ZYNE) reported a loss for the fourth quarter but the stock price soared when GW Pharmaceuticals reported upbeat results for its cannabis based treatment for epilepsy.

 

Fourth quarter earnings slipped for Kandi Technologies Group (Nasdaq: KNDI) but revenue climbed.


Cliffs Natural Resources (NYSE: CLF) will restart iron ore production at Northshore Mining by May 15, 2016.


On the downside


Investors locked in profits on Peabody Energy (NYSE: BTU).


TravelCenters of America (NYSE: TA) fell to a greater than expected loss for the fourth quarter on lower revenue.


Jefferies analyst George Notter cut his price target on Arista Networks (NYSE: ANET) from $52.50 to $40.25.


In the broad market, declining issues outpaced advancers by a margin of 3 to 2 on the NYSE and by nearly 5 to 4 on Nasdaq. The broader S&P 500 slipped a point to 2,020. Bitcoin edged up to $413. 

Crude oil prices retreated to weigh the markets down to a lower open with the Dow slipping 24 points to 17,189. Nasdaq lost 10 points to 4,738.


On the upside


GW Pharmaceuticals (Nasdaq: GWPH) reported positive results from a Phase 3 study of its cannabis based drug Epidiolex to treat Dravet syndrome, a severe form of epilepsy.

 

Apollo Global Management will pay a premium of approximately $1.36 billion in cash to acquire The Fresh Market (Nasdaq: TFM).


3D Systems (NYSE: DDD) reported a smaller than expected loss for the fourth quarter.


On the downside


Linn Energy (Nasdaq: LINE) stock fell for the third day in a row.


Gansu Huangtai Wine Marketing Industry is unable to proceed with NQ Mobile's (NYSE: NQ) divestiture of FL Mobile.


Zacks Equity Research suggested selling Stone Energy (NYSE: SGY).


In the broad market, declining issues outpaced advancers by a margin of nearly 5 to 3 on both the NYSE and on Nasdaq. The broader S&P 500 fell 8 points to 2,013. Bitcoin edged up to $413. 

The markets surged to close sharply higher with the Dow rocketing 218 points to 17,213 on recovering crude oil prices. Nasdaq leaped 86 points to 4,748.


On the upside


Finisar (Nasdaq: FNSR) reported sharply higher third quarter earnings that topped analyst estimates.

 

Rebounding crude oil prices lifted shares of Rex Energy (Nasdaq: REXX).


Solazyme (Nasdaq: SZYM) will change its name to TerraVia and focus on food, nutrition and specially ingredients. The company appointed chief executive Jonathan Wolfson as Chairman of the Board and will begin a search for a new chief executive.


On the downside


Shares of Linn Energy (Nasdaq: LINE) continued falling.


DryShips (NYSE: DRYS) completed its reverse stock split.


Goldman Sachs downgraded NGL Energy Partners (NYSE: NGL) from a Neutral rating to a Sell rating.


In the broad market, advancing issues outpaced decliners by a margin of more than 5 to 1 on the NYSE and by 7 to 2 on Nasdaq. The broader S&P 500 jumped 32 points to 2,022. Bitcoin added $2 to $418. 

The markets extended its gains during the midday with the Dow leaping 190 points to 17,185 as crude oil prices rebounded. Nasdaq jumped 64 points to 4,727.


On the upside


Top Nasdaq Stocks selected GlobeImmune (Nasdaq: GBIM) as one of the best stocks to buy this month.

 

1st Century Bancshares (Nasdaq: FCTY) will be acquired by Midland Financial for a premium of $11.22 per share in cash.


Athersys (Nasdaq: ATHX) swung to a greater than expected profit for the fourth quarter as revenue surged.


On the downside


Sunrun (Nasdaq: RUN) widened fourth quarter losses.


FXCM (NYSE: FXCM) fell to a loss for the fourth quarter as revenue tumbled.


Fourth quarter earnings for BioDelivery Sciences (Nasdaq: BDSI) fell far short of analyst expectations.


In the broad market, advancing issues outpaced decliners by a margin of nearly 6 to 1 on the NYSE and by nearly 7 to 3 on Nasdaq. The broader S&P 500 leaped 24 points to 2,014. Bitcoin added $2 to $418. 

Markets soar on IEA's comment

|

The markets opened sharply higher with the Dow soaring 151 points to 17,146 after the International Energy Agency said that crude oil prices may have fallen to their lowest level. Nasdaq surged 44 points to 4,706.


On the upside


Needham upgraded Vericel (Nasdaq: VCEL) from a Hold rating to a Buy rating.


The Food and Drug Administration approved Strata Skin Sciences' (Nasdaq: SSKN) PMA supplement for the MelaFind System.


Ulta Salon (Nasdaq: ULTA) reported higher fourth quarter earnings and revenue that surpassed analyst estimates and forecast current quarter results ahead of expectations.


On the downside


Stone Energy (NYSE: SGY) borrowed $385 million under Stone's Bank Credit Facility.


El Pollo Loco (Nasdaq: LOCO) reported higher fourth quarter earnings that topped estimates but the company forecast disappointing full year earnings.


Zumiez (Nasdaq: ZUMZ) reported lower fourth quarter earnings and revenue and forecast current quarter earnings that fell short of expectations.


In the broad market, advancing issues outpaced decliners by a margin of more than 11 to 1 on the NYSE and by more than 4 to 1 on Nasdaq. The broader S&P 500 climbed 17 points to 2,007. Bitcoin added $2 to $418. 

The markets closed modestly lower with the Dow slipping 5 points to 16,995 as crude oil prices retreated. Nasdaq lost 12 points to 4,662.


On the upside


First quarter earnings for Yirendai (NYSE: YRD) doubled as revenue surged to surpass analyst expectations by a wide margin.


24/7 Wall St. wrote that United States Steel (NYSE: X) was poised for a potential rally.


Party City (NYSE: PRTY) reported better than expected earnings for the fourth quarter.


On the downside


Infosonics (Nasdaq: IFON) fell to a loss for the fourth quarter as revenue tumbled.


Omega Protein (Nasdaq: OME) disappointed with lower fourth quarter earnings and revenue that fell far short of analyst expectations.


Fourth quarter earnings and revenue tumbled for Raven Industries (Nasdaq: RAVN).


In the broad market, declining issues outpaced advancers by a margin of more than 7 to 5 on the NYSE and by more than 5 to 3 on Nasdaq. The broader S&P 500 held steady at 1,989. Bitcoin rose $2 to $415. 

A drop in crude oil prices sent the markets tumbling during the midday with the Dow plunging 154 points to 16,845. Nasdaq plummeted 54 points to 4,620.


On the upside


Christopher & Banks (NYSE: CBK) fell to a loss for the fourth quarter and the company announced changes to its Board of Directors.


Pacific Ethanol (Nasdaq: PEIX) reported a smaller than expected loss for the fourth quarter as revenue climbed.


The Wall Street Journal reported that Columbia Pipeline Group (NYSE: CPGX) may be acquired by TransCanada (NYSE: TRP).


On the downside


Concerns rose that Linn Energy (Nasdaq: LINE) may file for bankruptcy protection.


Profit taking weighed down shares of Energy XXI (Nasdaq: EXXI).


Shares of BP Prudhoe Bay Royalty Trust (NYSE: BPT) extended its losses.


In the broad market, declining issues outpaced advancers by a margin of nearly 2 to 1 on the NYSE and by more than 2 to 1 on Nasdaq. The broader S&P 500 tumbled 16 points to 1,972. Bitcoin added $2 to $415. 

First time applications for unemployment benefits dropped last week to lift the markets to a sharply higher open with the Dow soaring 124 points to 17,124. Nasdaq climbed 39 points to 4,714.


On the upside


Vericel (Nasdaq: VCEL) reported positive data from a Phase 2b ixCELL-DCM clinical trial of ixmyelocel-T in patients with advanced heart failure due to ischemic dilated cardiomyopathy.


Plug Power (Nasdaq: PLUG) narrowed fourth quarter losses as revenue rose.


Shares of Peabody Energy (NYSE: BTU) continued climbing.


On the downside


Cross Country Healthcare (Nasdaq: CCRN) reported a greater than expected loss for the fourth quarter and forecast current quarter results below estimates.


Fourth quarter earnings and revenue for Energy Focus (Nasdaq: EFOI) fell short of expectations and the company forecast current quarter revenue that missed estimates.


Williams Companies (NYSE: WMB) began trading ex-dividend today.


In the broad market, advancing issues outpaced decliners by a margin of more than 5 to 3 on the NYSE and by more than 2 to 1 on Nasdaq. The broader S&P 500 climbed 14 points to 2,004. Bitcoin added $3 to $415. 

The markets closed modestly higher with the Dow climbing 36 points to 17,000 as crude oil prices rebounded. Nasdaq gained 25 points to 4,674.


On the upside


Bargain hunters snapped up shares of Performance Sports Group (NYSE: PSG).


Radius Health (NYSE: RDUS) presented at the Cowen and Company 36th Annual Health Care Conference yesterday.


Rebounding crude oil prices lifted shares of Whiting Petroleum (NYSE: WLL).


On the downside


Shares of Sucampo Pharmaceuticals (Nasdaq: SCMP) extended its losses.


Investors continued to lock in profits on Diana Shipping (NYSE: DSX).


Azure Midstream Partners (NYSR: AZUR) delayed its fourth quarter earnings report.


In the broad market, advancing issues outpaced decliners by a margin of more than 2 to 1 on the NYSE and by nearly 7 to 5 on Nasdaq. The broader S&P 500 gained 10 points to 1,989. Bitcoin eased to $411. 

The markets advanced during the midday with the Dow gaining 70 points to 17,035 as crude oil prices rose. Nasdaq climbed 21 points to 4,670.


On the upside


Peabody Energy (Nasdaq: BTU) amended its third quarter financials.


Shares of EXCO Resources (NYSE: XCO) climbed as crude oil prices rebounded.


Amazon (Nasdaq: AMZN) leased 20 Boeing freighters from Air Transport Services Group (Nasdaq: ATSG).


On the downside


CAS Investment Partners said that due to low crude oil prices, the total royalty payout to BP Prudhoe Bay Royalty Trust (NYSE: BPT) shareholders would be $12.04 per share by 2020.


Hovnanian Enterprises (NYSE: HOV) widened first quarter losses more than expected and announced that the homebuilder would exit certain markets.


ZAGG (Nasdaq: ZAGG) disappointed with sharply lower fourth quarter earnings and revenue.


In the broad market, advancing issues outpaced decliners by a margin of 5 to 2 on the NYSE and by more than 7 to 5 on Nasdaq. The broader S&P 500 gained 11 points to 1,990. Bitcoin added $2 to $413. 

Rebounding crude oil prices lifted the markets to a higher open with the Dow rising 25 points to 16,989. Nasdaq gained 8 points to 4,657.


On the upside


Astrotech (Nasdaq: ASTC) subsidiary 1st Detect and Smiths Detection won a contract to develop next generation explosives trace detection systems for the Department of Homeland Security.


Blue Buffalo Pet Products (Nasdaq: BUFF) reported greater than expected earnings for the fourth quarter as revenue rose.


Rebounding crude oil prices lifted shares of Linn Energy (Nasdaq: LINE).


On the downside


Ocean Rig (Nasdaq: ORIG) fell to a greater than expected loss for the fourth quarter.


The Australian Defense Department extended its contract with Unisys (NYSE: UIS) but the stock price tumbled.


Shares of SeaDrill (NYSE: SDRL) tumbled after rival Ocean Rig (Nasdaq: ORIG) fell to a loss.


In the broad market, advancing issues outpaced decliners by a margin of 5 to 2 on the NYSE and by 2 to 1 on Nasdaq. The broader S&P 500 gained 5 points to 1,985. Bitcoin added $1 to $412. 

Falling crude oil prices along with a greater than expected drop in Chinese exports sent the markets tumbling to close sharply lower with the Dow plunging 109 points to 16,964. Nasdaq plummeted 59 points to 4,648.


On the upside


American Midstream Partners (NYSE: AMID) widened losses for the fourth quarter but the company forecast higher earnings for 2016.


Calavo Growers (NYSE: CVGW) reported higher first quarter earnings that topped analyst estimates.


A gain in the Brazilian real lifted shares of Itau Unibanco (NYSE: ITUB).


On the downside


Shares of Comstock Resources (NYSE: CRK) and Denbury Resourcers (NYSE: DNR) tumbled as crude oil prices retreated.


Investors locked in profits on Alcoa (NYSE: AA).


Vale (NYSE: VALE) secured options to acquire up to 15% of Fortescue Metals Group.


In the broad market, declining issues outpaced advancers by a margin of more than 3 to 1 on the NYSE and by nearly 7 to 2 on Nasdaq. The broader S&P 500 plunged 22 points to 1,979. Bitcoin eased a fraction to $412. 

Retreating crude oil prices weighed the markets down during the midday with the Dow losing 27 points to 17,046. Nasdaq fell 20 points to 4,688.


On the upside


Omeros (Nasdaq: OMER) narrowed losses for the fourth quarter and initiated a Phase 3 OMS721 program to treat atypical hemolytic uremic syndrome.


Second quarter earnings for United Natural Foods (Nasdaq: UNFI) topped analyst estimates.


Town Sports International (Nasdaq: CLUB) reversed year ago losses to post a profit for the fourth quarter.


On the downside


Falling crude oil prices weighed down shares of California Resources (NYSE: CRC) and Rex Energy (NYSE: REXX).


Shares of contract drilling services provider Unit (NYSE: UNT) fell along with oil producers.


Credit Suisse downgraded Bonanza Creek Energy (NYSE: BCEI) from an Outperform rating to a Neutral rating and cut its price target from $4 to $2.


In the broad market, declining issues outpaced advancers by a margin of more than 5 to 2 on both the NYSE and on Nasdaq. The broader S&P 500 dropped 9 points to 1,992. Bitcoin held steady at $413. 

Chinese exports plunged more than expected in February to send the markets down to a sharply lower open with the Dow plummeting 117 points to 16,956. Nasdaq tumbled 42 points to 4,665.


On the upside


Vivint Solar (NYSE: VSLR) cancelled a proposal to be acquired by SunEdison (NYSE: SUNE).


Urban Outfitters (Nasdaq: URBN) reported better than expected fourth quarter earnings.


SolarCity (Nasdaq: SCTY) will install solar panels at Whole Foods Markets (Nasdaq: WFM) locations across the nation.


On the downside


Performance Sports Group (NYSE: PSG) warned of losses for the third quarter and slashed its full year forecast citing adverse market conditions.


Falling crude oil prices weighed down shares of Energy XXI (Nasdaq: EXXI) and Ultra Petroleum (NYSE: UPL).


A sharp drop in Chinese exports sent shares of miner Freeport-McMoran (NYSE: FCX) tumbling.


In the broad market, declining issues outpaced advancers by a margin of nearly 7 to 2 on the NYSE and by more than 5 to 2 on Nasdaq. The broader S&P 500 tumbled 18 points to 1,982. Bitcoin slipped $2 to $410. 

It was a mixed close for the markets with the Dow climbing 67 points to 17,073 as investors continued to monitor the Chinese economy. Nasdaq slipped 8 points to 4,708.


On the upside


Shares of EP Energy (NYSE: EPE) surged as crude oil prices climbed.


Peabody Energy (NYSE: BTU) eliminated an additional 15 jobs at its headquarters in St. Louis.


Bloomberg reported that Basic Energy Services (NYSE: BAS) was considering a counter bid to acquire DuPont.


On the downside


Microsoft (Nasdaq: MSFT) will release its database software SQL Server for Linux next year.


Investors locked in profits on ConforMIS (Nasdaq: CFMS).


Apple (Nasdaq: AAPL) Mac computers were targeted with ransomware.


In the broad market, advancing issues outpaced decliners by a margin of nearly 2 to 1 on the NYSE and by nearly 7 to 3 on Nasdaq. The broader S&P 500 added a point to 2,001. Bitcoin rose $3 to $413. 

Crude oil prices climbed but the markets traded mixed during the midday with the Dow gaining 49 points to 17,056 over concerns about the Chinese economy. Nasdaq lost 16 points to 4,700.


On the upside


Rising crude oil prices lifted shares of Stone Energy (NYSE: SGY)


InVivo Therapeutics (Nasdaq: NVIV) reported significant improvement for a fifth patient who was implanted with the Neuro-Spinal Scaffold in a six-month post-implant assessment.


Pier 1 Imports (NYSE: PIR) reported preliminary fourth quarter and full year results that were in line with previous guidance.


On the downside


Vanguard Natural Resources (Nasdaq: VNR) widened fourth quarter losses and suspended cash distributions to common and Class B unit holders and preferred unit holders.


Canaccord Genuity lowered its price target on Cree (Nasdaq: CREE) from $26 to $24.


Silver Standard Resources (Nasdaq: SSRI) will acquire Claude Resources in a cash and stock deal.


In the broad market, advancing issues outpaced decliners by a margin of more than 2 to 1 on the NYSE and by more than 5 to 2 on Nasdaq. The broader S&P 500 held steady at 1,999. Bitcoin rose $4 to $413. 

The markets opened mixed with the Dow rising 8 points to 17,015 while Nasdaq fell 24 points to 4,692 even as crude oil prices rose.


On the upside


Rex Energy (Nasdaq: REXX) stock continued climbing after extending its senior notes exchange offer on Friday.


Rising iron ore prices lifted shares of Cliffs Natural Resources (NYSE: CLF).


Shares of Bonanza Creek Energy (NYSE: BCEI) and Halcon Resources (NYSE: HK) soared as crude oil prices continued to rise.


On the downside


Investors locked in profits on SeaDrill (NYSE: SDRL).


Celldex Therapeutics (Nasdaq: CLDX) ended a Phase 3 clinical trial of its brain cancer vaccine Rintega.


comScore (Nasdaq: SCOR) delayed filing its annual report and suspended its stock repurchase plan.


In the broad market, declining issues outpaced advancers by a margin of nearly 10 to 9 on the NYSE while advancers edged out decliners by nearly 10 to 9 on Nasdaq. The broader S&P 500 lost 5 points to 1,994. Bitcoin added $1 to $411. 

Strong jobs growth lifted the markets to a higher close with the Dow gaining 62 points to 17,006. Nasdaq rose 9 points to 4,717.


On the upside


Shares of Bon-Ton Stores (Nasdaq: BONT) continued to climb.


Rising crude oil prices lifted shares of Bonanza Creek Energy (NYSE: BCEI).


The corruption investigation involving Petrobras (NYSE: PBR) expanded to former Brazilian President Luiz Inacio Lula da Silva.


On the downside


Republic Jet Airways (Nasdaq: RJET) VP Finance & Treasurer Jason Secore resigned.


InfraREIT (NYSE: HIFR) reported higher fourth quarter earnings and revenue but the stock price fell.


Profit taking weighed down shares of GOL Linhas (NYSE: GOL).


In the broad market, advancing issues outpaced decliners by a margin of nearly 5 to 3 on the NYSE and by nearly 3 to 2 on Nasdaq. The broader S&P 500 rose 6 points to 1,999. Bitcoin dropped $13 to $407. 

The markets advanced during the midday with the Dow climbing 75 points to 17,019 on strong jobs data. Nasdaq gained 21 points to 4,728.


On the upside


Rising crude oil prices lifted shares of California Resources (NYSE: CRC) and Denbury Resources (NYSE: DNR).


Approach Resources (Nasdaq: AREX) reported a smaller than expected loss for the fourth quarter.


Shares of Tidewater (NYSE: TDW) continued climbing.


On the downside


Barclays lowered its price target on Symantec (Nasdaq: SYMC) from $24 to $22 earlier this week.


TheStreet wrote that Ultra Petroleum (NYSE: UPL) faces many challenges to effectively turn the stock around.


BB&T Capital Markets downgraded Cal-Maine Foods (Nasdaq: CALM) from a Hold rating to an Underweight rating.


In the broad market, advancing issues outpaced decliners by a margin of nearly 3 to 1 on the NYSE and by nearly 7 to 3 on Nasdaq. The broader S&P 500 gained 8 points to 2,001. Bitcoin held steady at $420. 

The markets opened mixed with the Dow rising 13 points to 16,957 while Nasdaq slipped 2 points to 4,704 as the nation's employers added a stronger than expected 242,000 jobs in February.


On the upside


Seadrill (NYSE: SDRL) settled a Total Return Swap agreement and entered a new TRS agreement.


SunEdison (NYSE: SUNE) settled legal issues related to its failed acquisition of Latin American Power Holdings.


AMC Entertainment Holdings (NYSE: AMC) will pay a premium to acquire Carmike Cinemas (Nasdaq: CKEC) in a deal valued at approximately $1.1 billion.


On the downside


Vitae Pharmaceuticals (Nasdaq: VTAE) widened losses for the fourth quarter prompting a downgrade.


H&R Block (NYSE: HRB) widened third quarter losses more than expected as revenue fell.


Nimble Storage (NYSE: NMBL) widened losses for the fourth quarter and forecast current quarter earnings below expectations.


In the broad market, advancing issues outpaced decliners by a margin of more than 7 to 5 on the NYSE while advancers barely edged out decliners by a slim margin on Nasdaq. The broader S&P 500 held steady at 1,993. Bitcoin held steady at $420. 

The markets closed higher with the Dow gaining 44 points to 16,943 as crude oil prices edged up and factory orders climbed. Nasdaq rose 4 point to 4,707.


On the upside


Optimism that foreign investors may infuse GOL Linhas (NYSE: GOL) with cash lifted shares of the Brazilian airliner.


Societe Generale downgraded Bonanza Creek Energy (NYSE: BCEI) from a Buy rating to a Hold rating but the stock price climbed.


Crude oil prices edged up to lift shares of SM Energy (NYSE: SM) higher.


On the downside


Safety concerns were raised about Aerie Pharmaceuticals' (Nasdaq: AERI) experimental glaucoma eye drop Rhopressa.


Investors locked in profits on Heartware International (Nasdaq: HTWR).


Kroger (NYSE: KR) reported higher fourth quarter earnings but the grocer forecast slower growth for 2016.


In the broad market, advancing issues outpaced decliners by a margin of more than 3 to 1 on the NYSE and by nearly 5 to 3 on Nasdaq. The broader S&P 500 rose 6 points to 1,993. Bitcoin fell $6 to $420. 

Factory orders climbed 1.6% in January but the markets traded lower during the midday with the Dow losing 32 points to 16,866. Nasdaq fell 17 points to 4,686.


On the upside


Shares of Aeterna Zentaris (Nasdaq: AEZS) continued to soar.


Rising crude oil prices lifted shares of Denbury Resources (NYSE: DNR).


Canaccord Genuity trimmed its price target on Bill Barrett (NYSE: BBG) from $7 to $6 but the stock price rose.


On the downside


Stage Stores (NYSE: SSI) disappointed with sharply lower fourth quarter earnings that fell short of expectations and forecast full year results below estimates.


Herbalife (NYSE: HLF) overstated its new active members numbers.


Embraer (NYSE: ERJ) reported a loss for the fourth quarter as revenue tumbled.


In the broad market, advancing issues outpaced decliners by a margin of more than 5 to 3 on the NYSE and by more than 9 to 7 on Nasdaq. The broader S&P 500 slipped 3 points to 1,983. Bitcoin lost $5 to $421. 

The markets opened lower with the Dow falling 40 points to 16,858 as first time applications for unemployment benefits rose. Nasdaq lost 8 points to 4,694.


On the upside


The Wall Street Journal reported that Samsonite was close to finalizing a deal to acquire Tumi Holdings (NYSE: TUMI).


Verastem (Nasdaq: VSTM) reported a loss for the year but the company announced a clinical trial collaboration agreement with Pfizer (NYSE: PFE) and Merck to evaluate VS-6063 with avelumab in ovarian cancer patients.


Shares of Chesapeake Energy (NYSE: CHK) extended its gains.


On the downside


Ciena (NYSE: CIEN) reported a loss for the first quarter and forecast disappointing revenue for the current quarter.


The Habit Restaurants (Nasdaq: HABT) swung to a profit for the fourth quarter but the company forecast 2016 revenue below expectations.


SunEdison (NYSE: SUNE) suspended its dividend on preferred stock prompting a downgrade.


In the broad market, advancing issues were on par with decliners on the NYSE while decliners edged out advancers by 10 to 9 on Nasdaq. The broader S&P 500 lost 5 points to 1,980. Bitcoin slipped $3 to $422. 

Markets rebound to close higher

|

The markets rebounded to close modestly higher with the Dow gaining 34 points to 16,899 as crude oil prices edged up. Nasdaq rose 13 points to 4,703.


On the upside


Rising crude oil prices lifted shares of Unit (NYSE: UNT).


Shares of United States Steel (NYSE: X) climbed after the Commerce Department announced tariffs on cold-rolled steel imports.


Chesapeake Energy (NYSE: CHK) co-founder and former chief executive Aubrey McClendon, who was indicted yesterday on anti-trust charges, died in a car crash this morning.


On the downside


Four banks may not provide loans to finance SunEdison's (NYSE: SUNE) acquisition of Vivent Solar (NYSE: VSLR).


Shares of Global Ship Lease (NYSE: GSL) continued to fall.


Profit taking weighed down shares of Himax Technologies (Nasdaq: HIMX).


In the broad market, advancing issues outpaced decliners by a margin of more than 2 to 1 on the NYSE and by nearly 2 to 1 on Nasdaq. The broader S&P 500 gained 8 points to 1,986. Bitcoin lost $2 to $429. 

The markets traded lower during the midday with the Dow losing 18 points to 16,846 as the nation's crude oil inventory rose. Nasdaq fell 13 points to 4,675.


On the upside


Shares of LSB Industries (NYSE: LXU) continued soaring.


Everyday Health (NYSE: EVDY) reported better than expected results for the fourth quarter.


Advaxis (Nasdaq: ADXS) was selected to present data from a Phase 2 study of axalimogene filolisbac.


On the downside


Investors locked in profits on Rovi (Nasdaq: ROVI).


Profit taking sank shares of Tableau Software (NYSE: DATA).


Monsanto (NYSE: MON) slashed its full year earnings outlook.


In the broad market, declining issues outpaced advancers by a margin of 5 to 4 on the NYSE while advancers edged out decliners by nearly 10 to 9 on Nasdaq. The broader S&P 500 slipped 2 points to 1,976. Bitcoin lost $2 to $430. 

Crude oil prices retreated to weigh the markets down to a lower open with the Dow falling 52 points to 16,812. Nasdaq lost 8 points to 4,681.


On the upside


CCL Industries will pay a premium of approximately $422 million to acquire Checkpoint Systems (NYSE: CKP).


Darling Ingredients (NYSE: DAR) reported higher fourth quarter earnings.


NeoPhotonics (NYSE: NPTN) reported better than expected results for the fourth quarter and forecast current quarter results ahead of estimates.


On the downside


Big 5 Sporting Goods (Nasdaq: BGFV) reported higher fourth quarter earnings and revenue but the company forecast current quarter earnings below expectations.


Ascena Retail Group (Nasdaq: ASNA) fell to a loss for the second quarter.


Cott (NYSE: COT) priced its public offering of 11.1 million common shares at the discounted price of $11.80 per share.


In the broad market, declining issues outpaced advancers by a margin of more than 2 to 1 on the NYSE and by nearly 5 to 3 on Nasdaq. The broader S&P 500 lost 5 points to 1,972. Bitcoin slipped $1 to $431. 

Rising crude oil prices along with a surge in January construction spending sent the markets soaring to a sharply higher close with the Dow vaulting 348 points to 16,865. Nasdaq rocketed 131 points to 4,689.


On the upside


Workday (NYSE: WDAY) reported a smaller than expected loss for the fourth quarter prompting an upgrade.


Lexicon Pharmaceuticals (Nasdaq: LXRX) swung to a better than expected profit for the fourth quarter.


Apigee (Nasdaq: APIC) narrowed second quarter losses more than expected as revenue climbed and forecast current quarter as well as full year earnings ahead of estimates.


On the downside


Rockwell Medical (Nasdaq: RMTI) reported a loss for the fourth quarter as revenue slipped.


Global Ship Lease (NYSE: GSL) swung to a profit for the fourth quarter but the company suspended its quarterly dividend.


Opower (NYSE: OPWR) widened fourth quarter losses and forecast current quarter results below estimates.


In the broad market, advancing issues outpaced decliners by a margin of 9 to 2 on the NYSE and by more than 3 to 1 on Nasdaq. The broader S&P 500 leaped 46 points to 1,978. Bitcoin lost $4 to $431. 

January construction spending surged sending the markets soaring during the midday with the Dow rocketing 326 points to 16,843. Nasdaq leaped 109 points to 4,667.


On the upside


ION Geophysical (NYSE: IO) implemented a plan to reduce the amount outstanding senior notes.


LSB Industries (NYSE: LXU) reported a smaller than expected loss for the fourth quarter.


Kite Pharma (Nasdaq: KITE) widened losses for the fourth quarter but investors welcomed the company's plans to expand and advance the clinical programs for KTE-C19.


On the downside


The Securities and Exchange Commission has initiated several investigations into Ocwen Financial (NYSE: OCN) over the company's business practices.


PTC Therapeutics (Nasdaq: PTCT) widened fourth quarter losses more than expected prompting downgrades.


Shares of Alitsource Portfolio Solutions (Nasdaq: ASPS) continued to plunge.


In the broad market, advancing issues outpaced decliners by a margin of more than 4 to 1 on the NYSE and by more than 5 to 2 on Nasdaq. The broader S&P 500 leaped 39 points to 1,971. Bitcoin lost $3 to $432. 

The markets rebounded to open sharply higher with the Dow leaping 197 points to 16,713 as investors snapped up bargains. Nasdaq jumped 66 points to 4,624.


On the upside


Hertz Global (NYSE: HTZ) reversed year ago losses to post a profit for the fourth quarter.


Exelixis (Nasdaq: EXEL) narrowed losses for the fourth quarter and entered an exclusive license agreement with Ipsen to commercialize and further develop Exelixis' oncology drug cabozantinib.


Career Education (Nasdaq: CECO) swung to a profit for the fourth quarter.


On the downside


SunEdison (NYSE: SUNE) delayed filing its annual report citing an internal investigation.


Bonanza Creek Energy (NYSE: BCEI) widened fourth quarter losses more than expected as revenue tumbled prompting downgrades.


Diplomat Pharmacy (NYSE: DPLO) swung to a profit for the fourth quarter but the company forecast full year earnings below expectations.


In the broad market, advancing issues outpaced decliners by a margin of more than 3 to 1 on the NYSE and by nearly 7 to 3 on Nasdaq. The broader S&P 500 leaped 23 points to 1,955. Bitcoin slipped $2 to $433. 

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