May 2016 Archives

The markets closed mixed with the Dow dropping 86 points to 17,787 as strong economic data raised concerns that the Federal Reserve would raise interest rates. Nasdaq rose 14 points to 4,948.

On the upside

TheStreet listed Genocea Biosciences (Nasdaq: GNCA) as one of six breakout stock under $10 poised to soar.

Team (NYSE: TISI) will replace Helen of Troy (Nasdaq: HELE) on the S&P SmallCap 600 after market close today.
 
Zacks Equity Research wrote that Chesapeake Energy (NYSE: CHK) was on track to lower its long term debt.

On the downside

Rumors circulated that Thoma Bravo would make an offer to acquire Qlik Technologies (NYSE: QLIK) between $28 to $30 per share.

Sixteen hedge funds sold their holdings in Qunar Cayman Islands (Nasdaq: QUNR) in the first quarter.

Brazilian police are pursuing tax fraud charges against Banco Bradesco (NYSE: BBD) chief executive Luiz Carlos Trabuco.
 
In the broad market, declining issues outpaced advancers by a margin of nearly 5 to 4 on the NYSE while advances were on par with decliners on Nasdaq. The broader S&P 500 slipped 2 points to 2,096. Bitcoin lost $6 to $518.
The markets traded lower during the midday with the Dow tumbling 87 points to 17,785 as upbeat economic data sparked concerns about an interest rate increase. Nasdaq added 3 points to 4,937.

On the upside

B.O.S. Better Online Solutions (Nasdaq: BOSC) swung to a profit for the first quarter.

Tata Motors (NYSE: TTM) impressed with sharply higher fourth quarter earnings that beat analyst expectations.
 
Electro Rent (Nasdaq: ELRC) will be acquired by Platinum Equity for a premium of approximately $323.4 million.

On the downside

Shares of The Chemours Company (NYSE: CC) fell for the third day.

Renren (NYSE: RENN) will release earnings on June 8, 2016.

Anbang Insurance Group withdrew is request for regulatory approval of its proposed acquisition of Fidelity & Guaranty Life (NYSE: FGL).
 
In the broad market, advancing issued outpaced decliners by a margin of more than 5 to 4 on the NYSE and by nearly 3 to 2 on Nasdaq. The broader S&P 500 lost 4 points to 2,094. Bitcoin added $3 to $528.
Consumer spending rose 1% in April but the markets opened mixed with the Dow slipping 3 points to 17,869 while Nasdaq gained 13 points to 4,946 over rate hike concerns.

On the upside

Jazz Pharmaceuticals (Nasdaq: JAZZ) will pay a premium of approximately $1.5 billion to acquire Celator Pharmaceuticals (Nasdaq: CPXX).

Cliffs Natural Resources (NYSE: CLF) entered a new long-term agreement to supply ArcelorMittal (NYSE: MT) with tailor-made iron ore pellets.
 
SciQuest (Nasdaq: SQI) will be taken private by Accel-KKR for a premium of approximately $509 million in cash.

On the downside

StemCells (Nasdaq: STEM) terminated a mid-stage clinical trial and will wind down the company.

Great Plains Energy (NYSE: GXP) will buy Westar Energy (NYSE: WR) in a deal valued at approximately $8.6 billion.

Hhg & Co. cut its stake in Coca Cola Enterprises (NYSE: CCE).
 
In the broad market, advancing issued outpaced decliners by a margin of more than 7 to 5 on the NYSE and by more than 9 to 7 on Nasdaq. The broader S&P 500 rose 3 points to 2,102. Bitcoin climbed $13 to $538.

U.S. markets closed

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U.S. markets are closed in observance of Memorial Day.
An upward revision of the nation's GDP lifted the markets to a higher close with the Dow climbing 44 to 17,873. Nasdaq gained 31 points to 4,933.

On the upside

SunOpta (Nasdaq: STKL) will evaluate Tourbillon Capital Partners' suggestion that the company sell itself.

ChemoCentryx (Nasdaq: CCXI) selected Ernst & Young as its independent registered public accounting firm and elected to directors to its board.
 
Bargain hunters lifted shares of Bristow Group (NYSE: BRS).

On the downside

Investors locked in profits on Flexion Therapeutics (Nasdaq: FLXN).

Shares of Cliffs Natural Resources (NYSE: CLF) dropped after Axiom Capital said iron ore supplies are expected to continue growing.

Falling gold prices weighed down shares of McEwen Mining (NYSE: MUX).
 
In the broad market, advancing issued outpaced decliners by a margin of more than 2 to 1 on both the NYSE and on Nasdaq. The broader S&P 500 climbed 8 points to 2,099. Bitcoin soared $19 to $469.

Markets rise at midday

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The markets advanced during the midday with the Dow gaining 40 to 17,868. Nasdaq climbed 26 points to 4,928.

On the upside

Caleres (NYSE: CAL) reported lower first quarter earnings and revenue but the stock price rose.

Thermo Fisher Scientific (NYSE: TMO) will pay a premium of approximately $4.2 billion to acquire FEI (Nasdaq: FEIC).
 
Big Lots (NYSE: BIG) reported higher first quarter earnings and revenue that beat expectations and lifted its full year earnings outlook.

On the downside

Uni-Pixel (Nasdaq: UNXL) priced its public offering of 5.35 million common stock at the discounted price of $1.50 per share.

Investors locked in profits on Minerva Neurosciences (Nasdaq: NERV).

GameStop (NYSE: GME) reported lower first quarter earnings and revenue and forecast current quarter earnings below estimates.
 
In the broad market, advancing issued outpaced decliners by a margin of nearly 5 to 3 on the NYSE and by more than 5 to 3 on Nasdaq. The broader S&P 500 gained 6 points to 2,096. Bitcoin soared $20 to $470.
The nation's economy expanded at a greater than expected rate in the first quarter to lift the markets to a higher open with the Dow rising 30 to 17,858. Nasdaq gained 18 points to 4,920.

On the upside

LendingClub (NYSE: LC) has engaged in discussions with Citigroup to possibly buy its loans.

Shares of Relypsa (Nasdaq: RLYP) surged after the Food and Drug Administration rejected rival AstraZeneca's (NYSE: AZN) potassium lowering drug ZS-9.
 
Deutsche Bank upgraded Vivint Solar (NYSE: VSLR) from a Hold rating to a Buy rating.

On the downside

Discussions for Zoomlion Heavy Industry Science and Technology to acquire Terex (NYSE: TEX) have ended.

Palo Alto Networks (NYSE: PANW) widened losses for the third quarter prompting downgrades.

Hercules Offshore (Nasdaq: HERO) filed for bankruptcy protection.
 
In the broad market, advancing issued outpaced decliners by a margin of 3 to 2 on the NYSE while and by more than 7 to 5 on Nasdaq. The broader S&P 500 rose 4 points to 2,094. Bitcoin soared $21 to $472.
The markets closed mixed with the Dow losing 23 to 17,827 even as jobless claims dropped and durable goods orders surged. Nasdaq added 6 points to 4,901.

On the upside

Advanced Semiconductor Engineering (NYSE: ASX) and Siliconware Precision Industries (Nasdaq: SPIL) will establish a holding company.

Copart (Nasdaq: CPRT) reported higher third quarter earnings and revenue that beat expectations.
 
Genesco (NYSE: GCO) reported higher first quarter earnings that surpassed analyst expectations by a wide margin.

On the downside

Bristow Group (NYSE: BRS) fell to a greater than expected loss for the fourth quarter as revenue dropped.

Renewable Energy Group (Nasdaq: REGI) will offer $125 million in convertible senior notes.

First quarter earnings for Signet Jewelers (NYSE: SIG) missed expectations.
 
In the broad market, advancing issued outpaced decliners by a slim margin of 10 to 9 on the NYSE while decliners edged out advancers by more than 10 to 9 on Nasdaq. The broader S&P 500 held steady at 2,090. Bitcoin added $1 to $450.

Markets slip at midday

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The markets turned negative during the midday with the Dow losing 24 to 17,827 as crude oil prices slipped. Nasdaq eased a point to 4,893.

On the upside

Flexion Therapeutics (Nasdaq: FLXN) received positive guidance from the Food and Drug Administration on its New Drug Application submission for Zilretta.

Gogo (Nasdaq: GOGO) received a proposal to provide connectivity service to a major airline.
 
Shares of Alnylam Pharmaceuticals (Nasdaq: ALNY) climbed for the fifth day in a row.

On the downside

Tidewater (NYSE: TDW) widened fourth quarter losses more than expected as revenue plunged.

Paragon Shipping (Nasdaq: PRGN) received a notice of non-compliance from Nasdaq.

OvaScience (Nasdaq: OVAS) priced its public offering of 7.15 million common shares at the discounted price of $7.00 per share.
 
In the broad market, declining issues barely edged out advancers by a slim margin on the NYSE while decliners outpaced advancers by more than 7 to 5 on Nasdaq. The broader S&P 500 slipped 2 points to 2,088. Bitcoin added $3 to $451.
Pending home sales climbed more than expected in April but the markets opened flat with the Dow easing a fraction to 17,850 over concerns that a strong economy will prompt the Federal Reserve to raise interest rates. Nasdaq added 4 points to 4,898.

On the upside

Minerva Neurosciences (Nasdaq: NERV) reported positive results from a Phase IIb trial of MIN-101 to treat patients with negative symptoms of schizophrenia.

First quarter earnings surged for Dollar Tree (Nasdaq: DLTR) to beat expectations.
 
Lions Gate Entertainment (NYSE: LGF) reported better than expected earnings and revenue for the fourth quarter.

On the downside

Ionis Pharmaceuticals (Nasdaq: IONS) partner GlaxoSmithKline (NYSE: GSK) will not initiate a Phase 3 outcome study of IONIS-TTR.

Pure Storage (NYSE: PSTG) widened losses for the first quarter.

Abercrombie & Fitch (NYSE: ANF) reported a greater than expected loss for the first quarter as sales fell to miss estimates.
 
In the broad market, advancing issues outpaced decliners by a margin of more than 5 to 3 on the NYSE and by more than 10 to 9 on Nasdaq. The broader S&P 500 eased a point to 2,089. Bitcoin added $3 to $451.
Crude oil prices rose for the second day in a row to lift the markets to a sharply higher close with the Dow soaring 145 points to 17,851. Nasdaq climbed 33 points to 4,894.

On the upside

Shares of Opexa Therapeutics (Nasdaq: OPXA) surged for the second day.

Imperial Capital downgraded Bonanza Creek Energy (NYSE: BCEI) from an In-Line rating to an Underperform rating but the stock price climbed as crude oil prices rose.
 
Pacific Ethanol (Nasdaq: PEIX) will participate in the 13th Annual Craig-Hallum Institutional Investor Conference on June 1, 2016.

On the downside

Williams Cos. (NYSE: WMB) sued Energy Transfer Equity (NYSE: ETE) to prevent Energy Transfer from abandoning its proposed acquisition of Williams Cos.

The Securities and Exchange Commission launched an investigation into Alibaba Group's (NYSE: BABA) accounting practices.

Profit taking continued to weigh down shares of 21Vianet Group (Nasdaq: VNET).
 
In the broad market, advancing issues outpaced decliners by a margin of more than 2 to 1 on the NYSE and by 5 to 3 on Nasdaq. The broader S&P 500 climbed 14 points to 2,090. Bitcoin added $2 to $448.
Advancing crude oil prices sent the markets soaring during the midday with the Dow surging 144 points to 17,850. Nasdaq climbed 30 points to 4,891.

On the upside

Nimble Storage (NYSE: NMBL) reported a smaller than expected loss for the first quarter as revenue rose.

Dycom Industries (NYSE: DY) impressed with sharply higher third quarter earnings and revenue that surpassed expectations by a wide margin and forecast current quarter results above estimates.
 
Rising crude oil prices lifted shares of Seadrill (NYSE: SDRL).

On the downside

TimkenSteel (NYSE: TMST) priced its offering of convertible senior notes.

Spherix (Nasdaq: SPEX) will explore opportunities outside of the patent monetization space.

DeVry (NYSE: DV) subsidiary Becker Professional Education will acquire Association of Certified Anti-Money Laundering Specialists for $330 million.
 
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 3 on Nasdaq. The broader S&P 500 climbed 13 points to 2,089. Bitcoin added $2 to $448.
The markets opened sharply higher with the Dow soaring 166 points to 17,872 as crude oil prices continued to climb. Nasdaq gained 32 points to 4,893.

On the upside

The Food and Drug Administration delayed ruling on Sarepta Therapeutics' (Nasdaq: SRPT) Duchenne muscular dystrophy treatment eteplirsen.

Computer Sciences (NYSE: CSC) will merge with Hewlett-Packard Enterprise's (NYSE: HPE) Enterprise Services business.
 
The U.S. Patent and Trademark Office issued a patent for Cellectar Biosciences' (Nasdaq: CLRB) phospholipid ether-paclitaxel conjugate CLR 1603.

On the downside

First quarter earnings and revenue for Express (NYSE: EXPR) fell short of expectations and the apparel retailer forecast current quarter results below estimates.

The Wall Street Journal reported that CBL & Associates Properties (NYSE: CBL) was being investigated by the FBI and the Securities and Exchange Commission for accounting fraud.

Sportsman's Warehouse Holdings (Nasdaq: SPWH) reported first quarter revenue that missed expectations and forecast current quarter revenue below estimates.
 
In the broad market, advancing issues outpaced decliners by a margin of more than 5 to 2 on the NYSE and by nearly 7 to 3 on Nasdaq. The broader S&P 500 climbed 17 points to 2,093. Bitcoin rose $3 to $449.
Upbeat housing data along with rising crude oil prices sent the markets soaring to a sharply higher close with the Dow rocketing 213 points to 17,706. Nasdaq surged 95 points to 4,861.

On the upside

Bargain hunters lifted shares of Everi Holdings (NYSE: EVRI).

Rising crude oil prices lifted shares of Chesapeake Energy (NYSE: CHK).
 
Cheetah Mobile (NYSE: CMCM) and Google (Nasdaq: GOOG) shared a video case study of their successful partnership using AdMob's mobile native ad offering.

On the downside

Falling gold price weighed down shares of Alamos Gold (NYSE: AGI), Harmony Gold (NYSE: HMY) and Kinross Gold (NYSE: KGC).

Shares of Endeavour Silver (NYSE: EXK) dropped as silver prices retreated.

MoffettNathanson downgraded Twitter (NYSE: TWTR) from a Neutral rating to a Sell rating.
 
In the broad market, advancing issues outpaced decliners by a margin of nearly 7 to 2 on both the NYSE and on Nasdaq. The broader S&P 500 surged 28 points to 2,076. Bitcoin rose $2 to $445.
A surge in new home prices sent the markets soaring during the midday with the Dow jumping 217 points to 17,710. Nasdaq leaped 84 points to 4,850.

On the upside

Great Basin Scientific (Nasdaq: GBSN) entered a waiver agreement with certain notes and warrant holders.

Nordson (Nasdaq: NDSN) reported higher second quarter earnings and revenue.
 
Titan Pharmaceuticals (Nasdaq: TTNP) stock climbed for the third day in a row.

On the downside

Investors locked in profits on Cellectar Biosciences (Nasdaq: CLRB).

Best Buy (NYSE: BBY) reported higher first quarter earnings that beat expectations but the electronics retailer forecast current quarter revenue below estimates and announced the departure of chief financial officer Sharon McCollam.

Chardon Capital initiated coverage of Sage Therapeutics (Nasdaq: SAGE) with a Sell rating.
 
In the broad market, advancing issues outpaced decliners by a margin of nearly 4 to 1 on both the NYSE and on Nasdaq. The broader S&P 500 soared 26 points to 2,074. Bitcoin rose $3 to $446.
Sales of new homes surged 16.6% to boost the markets to a sharply higher open with the Dow soaring 195 points to 17,688. Nasdaq leaped 64 points to 4,830.

On the upside

Spherix (Nasdaq: SPEX) entered a second license agreement with RPX (Nasdaq: RPXC).

GoPro (Nasdaq: GPRO) entered a multi-year, global partnership with Red Bull.
 
Toll Brothers (NYSE: TOL) reported higher second quarter earnings and revenue that beat expectations.

On the downside

DSW (NYSE: DSW) disappointed with lower first quarter earnings that fell short of analyst expectations and lowered its full year earnings outlook.

Seaspan (NYSE: SSW) priced its offering of 5 million common shares at the discounted price of $14.70 per share.

The borrowing base under the credit agreement of Bonanza Creek Energy (NYSE: BCEI) was cut from $475 million to $200 million.
 
In the broad market, advancing issues outpaced decliners by a margin of 5 to 1 on the NYSE and by nearly 7 to 2 on Nasdaq. The broader S&P 500 climbed 17 points to 2,065. Bitcoin added $2 to $446.

Lower close as crude oil slips

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The markets turned negative to close modestly lower with the Dow slipping 8 points to 17,492 as crude oil prices edged down. Nasdaq lost 3 points to 4,765.

On the upside

ReneSola (NYSE: SOL) reversed year ago losses to post a profit for the first quarter.

Aqua Metals (Nasdaq: AQMS) will host its first quarter earnings conference call tomorrow morning.
 
SolarCity (NYSE: SCTY) began testing its new solar power system in Kauai.

On the downside

Valeant Pharmaceuticals (NYSE: VRX) will explore selling noncore assets.

Basic Energy Services (NYSE: BAS) increased the number of shares available for its incentive plan.

Coherus Bioscience (Nasdaq: CHRS) priced its public offering of 3.5 million common shares at the discounted price of $18 per share.
 
In the broad market, declining issues barely edged out advancers by a slim margin on the NYSE while advancers outpaced decliners by more than 10 to 9 on Nasdaq. The broader S&P 500 lost 4 points to 2,048. Bitcoin gained $4 to $443.
The markets traded in positive territory during the midday with the Dow gaining 36 points to 17,537 as investors await the Federal Reserve's rate decision. Nasdaq rose 9 points to 4,779.

On the upside

Shares of Cellectar Biosciences (Nasdaq: CLRB) continued climbing.

C-III Capital Partners will pay a premium of approximately $207 million in cash to buy Resource America (Nasdaq: REXI).
 
Shanda Group acquired an 11.7% stake in LendingClub (NYSE: LC).

On the downside

KLX (Nasdaq: KLXI) disappointed with lower first quarter earnings and revenue.

Tribune Publishing (NYSE: TPUB) rejected Gannett's increased acquisition offer and accepted a $70.5 million investment from Nant Capital.

CaesarStone Sdot-Yam (Nasdaq: CSTE) chief executive Yos Shiran resigned.
 
In the broad market, advancing issues outpaced decliners by a margin of nearly 3 to 2 on the NYSE and by nearly 5 to 3 on Nasdaq. The broader S&P 500 held steady at 2,052. Bitcoin gained $4 to $443.
Merger and acquisition news lifted the markets to a modestly higher open with the Dow rising 26 points to 17,527. Nasdaq gained 14 points to 4,784.

On the upside

Arbor Pharmaceuticals will acquire Xenoport (Nasdaq: XNPT) for a premium of approximately $467 million in cash.

Luminex (Nasdaq: LMNX) increased its offer for Nanosphere (Nasdaq: NSPH) from $1.35 per share to $1.70 per share in cash.
 
Affiliates of Siris Capital Group offered a premium of approximately $643 million in cash to acquire Xura (Nasdaq: MESG).

On the downside

The former treasurer of one of Brazil's coalition parties was arrested in the ongoing graft investigation involving Petrobras (NYSE: PBR).

A German newspaper reported that German's Federal Motor Transport Authority found that Fiat Chrysler (NYSE: FCAU) illegally manipulated emissions controls.

Investors continued to lock in profits on Ocean Rig (Nasdaq: ORIG).
 
In the broad market, declining issues barely edged out decliners by a slim margin of nearly 10 to 9 on the NYSE while advancers outpaced decliners by more than 10 to 9 on Nasdaq. The broader S&P 500 held steady at 2,052. Bitcoin gained $3 to $442.
Upbeat economic data lifted the markets to a higher close with the Dow gaining 65 points to 17,500. Nasdaq soared 57 points to 4,769.

On the upside

Motley Fool wrote that PTC Therapeutics (Nasdaq: PTCT) had a more promising Duchenne muscular dystrophy treatment than Sarepta Therapeutics (Nasdaq: SRPT).

Bargain hunters lifted shares of Stage Stores (NYSE: SSI).
 
LendingClub (NYSE: LC) acting chief executive Scott Sanborn reassured investors that the company was financially viable and said that the company was working with Jefferies Group to secure buyers for its loans.

On the downside

First quarter revenue plunged for DryShips (Nasdaq: DRYS).

Quality Systems (Nasdaq: QSII) fell to a loss for the fourth quarter.

Society Generale downgraded Constellium (NYSE: CSTM) from a Buy rating to a Hold rating.
 
In the broad market, advancing issues outpaced decliners by a margin of more than 4 to 1 on the NYSE and by more than 3 to 1 on Nasdaq. The broader S&P 500 climbed 12 points to 2,052. Bitcoin eased to $440.
The markets traded higher during the midday with the Dow soaring 105 points to 17,541 after the New York Federal Reserve boosted its estimate for the nation's second quarter economic expansion. Nasdaq leaped 64 points to 4,777.

On the upside

Oil Search will pay a premium of approximately $2.2 billion in cash and stock to acquire InterOil (NYSE: IOC).

Amplify Snack Brands (NYSE: BETR) priced its public offering of 10 million common shares at the discounted price of $11.25 per share.
 
Keysight Technologies (NYSE: KEYS) reported better than expected earnings and revenue for the second quarter.

On the downside

A jury ruled against Neovasc (Nasdaq: NVCN) in a breach of contract suit and awarded CardiAQ $70 million for trade secret claim for relief.

New York & Co. (NYSE: NWY) widened losses for the first quarter as revenue slipped.

Third quarter earnings fell for Campbell Soup (NYSE: CPB).
 
In the broad market, advancing issues outpaced decliners by a margin of more than 7 to 2 on the NYSE and by more than 4 to 1 on Nasdaq. The broader S&P 500 climbed 15 points to 2,055. Bitcoin edged up a fraction to $442.
Existing home sales climbed more than expected to lift the markets to a higher open with the Dow soaring 128 points to 17,563. Nasdaq surged 55 points to 4,768.

On the upside

Applied Materials (Nasdaq: AMAT) reported better than expected earnings for the second quarter and forecast current quarter results ahead of estimates.

Ocean Rig (Nasdaq: ORIG) impressed with sharply higher first quarter earnings that surpassed expectations by a wide margin.
 
The U.S. Patent and Trademark Office issued an identification number for Cellectar Biosciences' (Nasdaq: CLRB) application for Phospholipid-Ether Analogs as Cancer Targeting Drug Vehicles.

On the downside

Abraxas (Nasdaq: AXAS) priced its public offering of 25 million common shares at the discounted price of $1.00 per share.

Foot Locker (NYSE: FL) reported higher first quarter earnings but revenue fell short of expectations.

Shares of Cheetah Mobile (NYSE: CMCM) extended its losses.
 
In the broad market, advancing issues outpaced decliners by a margin of more than 5 to 2 on the NYSE and by more than 3 to 1 on Nasdaq. The broader S&P 500 climbed 14 points to 2,055. Bitcoin added $1 to $443.
The crash of an EgyptAir jet into the Mediterranean Sea sent the markets down to close sharply lower with the Dow tumbling 91 points to 17,435. Nasdaq fell 26 points to 4,712.

On the upside

The Food and Drug Administration granted Breakthrough Therapy designation to Celator Pharmaceuticals' (Nasdaq: CPXX) VYXEOS to treat AML.

Wal-Mart (NYSE: WMT) reported better than expected first quarter earnings and revenue.
 
Fourth quarter revenue rose for Boot Barn (NYSE: BOOT).

On the downside

Ocwen Financial (NYSE: OCN) hosted its seventh annual Housing Advocacy and Policy Forum today.

NQ Mobile (NYSE: NQ) will report first quarter results after market close on Thursday, May 26, 2016.

Agios Pharmaceuticals (Nasdaq: AGIO) will present new clinical and preclinical data for AG-348 and AG-519 at the 21st Congress of the European Hematology Association in June.
 
In the broad market, declining issues outpaced advancers by a margin of nearly 5 to 2 on both the NYSE and on Nasdaq. The broader S&P 500 lost 7 points to 2,040. Bitcoin tumbled $8 to $444.

Terrorism fears sink stocks

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Terrorism fears sent the markets tumbling during the midday with the Dow plummeting 151 points to 17,375. Nasdaq plunged 50 points to 4,688.

On the upside

Bargain hunters lifted shares of Paragon Shipping (Nasdaq: PRGN).

The International Journal of the Cardiovascular Academy published data from a pilot study using Cesca Therapeutics' (Nasdaq: KOOL) technology to treat acute myocardial infarction.
 
Spark Therapeutics (Nasdaq: ONCE) reported encouraging initial observations in a Phase 1/2 clinical trial of SPK-9001 to treat hemophilia B.

On the downside

Stage Stores (NYSE: SSI) widened first quarter losses as revenue fell prompting the retailer to cut its full year forecast.

Teekay (NYSE: TK) widened losses for the first quarter.

Teekay Tankers (NYSE: TNK) reported lower first quarter earnings that fell short of expectations.
 
In the broad market, declining issues outpaced advancers by a margin of more than 5 to 1 on the NYSE and by nearly 4 to 1 on Nasdaq. The broader S&P 500 tumbled 15 points to 2,031. Bitcoin dropped $5 to $448.
Jobless claims dropped last week but the markets opened sharply lower with the Dow plunging 139 points to 17,386 as crude oil prices fell. Nasdaq tumbled 42 points to 4,696.

On the upside

American Eagle Outfitters (NYSE: AEO) reported higher first quarter earnings and revenue that beat expectations.

Tonix Pharmaceuticals (Nasdaq: TNXP) reported upbeat results from a Phase 2 clinical study of TNX-102 SL in military-related post-traumatic stress disorder.
 
First quarter revenue climbed for Urban Outfitters (Nasdaq: URBN).

On the downside

Cheetah Mobile (NYSE: CMCM) reported sharply lower first quarter earnings .

Great Basin Scientific (Nasdaq: GBSN) note holders removed restrictions on the use of $1 million.

Retreating crude oil prices weighed down shares of SeaDrill (NYSE: SDRL).
 
In the broad market, declining issues outpaced advancers by a margin of 3 to 1 on the NYSE and by a margin of 7 to 5 on Nasdaq. The broader S&P 500 fell 8 points to 2,038. Bitcoin dropped $5 to $448.
The markets closed mixed with the Dow slipping 3 points to 17,526 after the Federal Reserve indicated that interest rates may rise in June. Nasdaq gained 23 points to 4,739.

On the upside

Castlight Health (NYSE: CSLT) entered a strategic business alliance with SAP.

MacroGenics (Nasdaq: MGNX) licensed its preclinical biospecifc molecule MGD015 to Janssen Biotech.
 
Charter Communications (Nasdaq: CHTR) completed its acquisition of Time Warner Cable.

On the downside

Retreating crude oil prices weighed down shares of Bonanza Creek Energy (NYSE: BCEI).

Falling silver prices weighed down shares of Pan American Silver (Nasdaq: PAAS).

Coeur Mining (NYSE: CDE) chief executive Mitch Krebs said that there was much upside to silver prices but the stock price fell.
 
In the broad market, declining issues outpaced advancers by a margin of nearly 2 to 1 on the NYSE while advancers edged out decliners by a margin of nearly 3 to 2 on Nasdaq. The broader S&P 500 held steady at 2,047. Bitcoin held steady at $453.

Markets rise at midday

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The markets traded higher during the midday with the Dow gaining 40 points to 17,570. Nasdaq climbed 34 points to 4,750.

On the upside

Great Basin Scientific (Nasdaq: GBSN) initiated a clinical trial for its Bordatella Direct Test to detect the Bordatella pertussis bacterium.

Shares of Neothetics (Nasdaq: NEOT) continued climbing.
 
Hercules Offshore (Nasdaq: HERO) stock rose for the fourth day in a row.

On the downside

Investors locked in profits on Carbylan Therapeutics (Nasdaq: CBYL).

Profit taking weighed down shares of Top Image Systems (Nasdaq: TISA).
 
Acxiom (Nasdaq: ACXM) narrowed losses for the fourth quarter but the company forecast full year results below expectations.

In the broad market, declining issues outpaced advancers by a margin of 10 to 9 on the NYSE while advancers edged out decliners by a margin of nearly 5 to 3 on Nasdaq. The broader S&P 500 gained 6 points to 2,054. Bitcoin added $1 to $454.
The markets opened higher with the Dow rising 25 points to 17,555 as crude oil prices topped $49 per barrel. Nasdaq gained 32 points to 4,747.

On the upside

Nice Systems will acquire inContact (Nasdaq: SAAS) for a premium of approximately $940 million in cash.

The Andersons (Nasdaq: ANDE) rejected an unsolicited acquisition offer from HC2.
 
Micron Technology (Nasdaq: MU) entered a Note Purchase Agreement with NTC.

On the downside

Vipshop Holdings (NYSE: VIPS) reported higher first quarter earnings and revenue but margins fell and the company forecast current quarter revenue below estimates.

Target (NYSE: TGT) reported lower first quarter revenue that missed expectations and forecast second quarter results below estimates.
 
Allegheny Technologies (NYSE: ATI) announced a senior notes offering.

In the broad market, declining issues outpaced advancers by a margin of more than 9 to 7 on the NYSE while advancers barely edged out decliners by a slim margin on Nasdaq. The broader S&P 500 slipped 2 points to 2,044. Bitcoin added $1 to $454.

Rate concerns sink stocks

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The markets closed sharply lower with the Dow collapsing 180 points to 17,529 as recent upbeat economic data sparked concerns that the Federal Reserve would raise interest rates. Nasdaq plunged 59 points to 4,715.

On the upside

An update on the French SCLERADEC I and II clinical trials using Cytori Therapeutics' (Nasdaq: CYTX) Cell Therapy will be presented tomorrow at the 104th Annual Meeting of the Japan Society of Aesthetic Surgery.

NQ Mobile (NYSE: NQ) will sell its stake in FL Mobile to Shenzhen Prince New Materials.
 
Rising crude oil prices lifted share of Clayton Williams Energy (NYSE: CWEI).

On the downside

Microsoft's (Nasdaq: MSFT) Internet Explorer and Edge browsers dropped from second place to third place with a 15.5% of the global market share.

Digital Realty Trust (NYSE: DLR) priced its public offering of 12.5 million common shares at the discounted price of $96 per share.
 
Investors locked in profits on Nokia (NYSE: NOK).

In the broad market, declining issues outpaced advancers by a margin of more than 5 to 3 on the NYSE and by more than 5 to 2 on Nasdaq. The broader S&P 500 tumbled 19 points to 2,047. Bitcoin eased a fraction to $453.

Markets continue falling

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The markets continued falling during the midday with the Dow plummeting 148 points to 17,561. Nasdaq tumbled 41 points to 4,734.

On the upside

Top Image Systems (Nasdaq: TISA) reported higher first quarter revenue.

The Patent Trial and Appeal Board sided with Coherus BioSciences (Nasdaq: CHRS) by agreeing to review AbbVie's (NYSE: ABBV) patent on the arthritis treatment Humira.
 
Second quarter earnings slipped for Cemtrex (Nasdaq: CETX) but revenue climbed.

On the downside

Red Robin Gourmet Burgers (Nasdaq: RRGB) reported lower first quarter earnings as revenue fell short of expectations prompting the casual dining chain to lower its full year forecast.

Aegerion Pharmaceuticals (Nasdaq: AEGR) widened first quarter losses more than expected as revenue tumbled prompting the company to cut its full year revenue outlook.
 
Oclaro (Nasdaq: OCLR) will present at several upcoming investor conferences.

In the broad market, declining issues outpaced advancers by a margin of nearly 5 to 4 on the NYSE and by more than 3 to 2 on Nasdaq. The broader S&P 500 fell 9 points to 2,056. Bitcoin edged up a fraction to $454.

Lower open as crude oil slips

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Housing starts rose more than expected in April but the markets opened lower with the Dow dropping 68 points to 17,641 as crude oil prices slipped. Nasdaq fell 16 points to 4,758.

On the upside

Hertz Global (NYSE: HTZ) chief executive John Tague bought 66,000 shares of company stock.

Akorn (Nasdaq: AKRX) reported higher first quarter earnings and revenue.
 
Corvex Management acquired a 9.9% stake in Pandora Media (NYSE: P) and urged the music streaming service explore a potential sale.

On the downside

Francesca's Holdings (Nasdaq: FRAN) chairman, president and chief executive Michael W. Barnes resigned effective immediately.

The Justice Department launched an investigation into Lending Club (NYSE: LC).
 
Office Depot (Nasdaq: ODP) extended its asset based credit facility and has engaged Bain & Co. to finalize a comprehensive strategic review of its business.

In the broad market, declining issues outpaced advancers by a margin of more than 7 to 5 on the NYSE and by more than 3 to 2 on Nasdaq. The broader S&P 500 lost 6 points to 2,060. Bitcoin eased a fraction to $453.

The markets soared to close sharply higher with the Dow surging 175 points to 17,710 as crude oil prices climbed. Nasdaq leaped 57 points to 4,775. 


On the upside


Shares of Aegerion Pharmaceuticals (Nasdaq: AEGR) rose ahead of its earnings release after market close. 


Rising crude oil prices lifted shares of Memorial Production Partners (Nasdaq: MEMP) and Pengrowth Energy (NYSE: PGH).

 

Warren Buffett's Berkshire Hathaway acquired 9.8 million shares of Apple (Nasdaq: AAPL) for approximately $1 billion in the first quarter.


On the downside


A.M. Castle & Co. (NYSE: CAS) entered exchange agreements with certain note holders.


Office Depot (Nasdaq: ODP) will discuss its business strategy after market close.

 

Morgan Stanley downgraded Bitauto Holdings (NYSE: BITA) from an Equal Weight rating to an Underweight rating.


In the broad market, advancing issues outpaced decliners by a margin of nearly 7 to 2 on the NYSE and by a margin of more than 7 to 5 on Nasdaq. The broader S&P 500 soared 20 points to 2,066. Bitcoin fell $5 to $452.

Gains extended at midday

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The markets extended its gains during the midday with the Dow leaping 201 points to 17,736. Nasdaq surged 64 points to 4,781. 


On the upside


Gannett (NYSE: GCI) increased its offer for Tribune Publishing (NYSE: TPUB) from $815 million to $864 million. 


Bargain hunters lifted shares of ConforMIS (Nasdaq: CFMS).

 

Konecranes will pay approximately $1.28 billion in cash and stock to acquire the Material Handling & Port Solutions unit of Terex (NYSE: TEX) instead of acquiring the entire company.


On the downside


Trevena (Nasdaq: TRVN) reported disappointing results from Phase 2b BLAST-AHF study of TRV027 to treat acute heart failure.


Shares of Zagg (Nasdaq: ZAGG) extended its losses.

 

Renren (NYSE: RENN) fell to a loss for the fourth quarter.


In the broad market, advancing issues outpaced decliners by a margin of more than 7 to 2 on the NYSE and by a margin of nearly 5 to 2 on Nasdaq. The broader S&P 500 spare 21 points to 2,068. Bitcoin eased a fraction to $456.

Rebounding crude oil prices lifted the markets to a sharply higher open with the Dow soaring 92 points to 17,628. Nasdaq climbed 23 points to 4,741. 


On the upside


Anacor Pharmaceuticals (Nasdaq: ANAC) will be acquired by Pfizer (NYSE: PFE) for a premium of approximately $5.2 billion in cash. 


Bargain hunters lifted shares of Lending Club (NYSE: LC).

 

Range Resources (NYSE: RRC) will acquire Memorial Resource Development (Nasdaq: MRD) in an all stock transaction valued at approximately $4.4 billion including the assumption of debt.


On the downside


Aduro BioTech (Nasdaq: ADRO) reported disappointing results from a Phase 2b ECLIPSE trial in pancreatic cancer patients.


Shares of Sunrun (Nasdaq: RUN) extended its losses.

 

Investors locked in profits on Charter Communications (Nasdaq: CHTR).


In the broad market, advancing issues outpaced decliners by a margin of 3 to 1 on the NYSE and by a margin of nearly 2 to 1 on Nasdaq. The broader S&P 500 gained 9 points to 2,055. Bitcoin slipped $1 to $455.

Markets plunge as oil slides

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Despite a strong gain in retail sales, the markets closed sharply lower with the Dow plummeting 185 points to 17,535 as crude oil prices slid. Nasdaq fell 19 points to 4,717. 


On the upside


Bargain hunters lifted shares of Puma Biotechnology (NYSE: PBYI). 


Celldex Therapeutics (Nasdaq: CLDX) released its annual income statement.

 

First quarter revenue surged for Concordia Healthcare (Nasdaq: CXRX).


On the downside


Shares of Eagle Point Credit Company (NYSE: ECC) tumbled on its first trading day.


NV5 Global (Nasdaq: NVEE) priced its public offering of 1.7 million common shares at the discounted price of $26.25 per share.

 

Profit taking sank shares of A.M. Castle & Co. (NYSE: CAS).


In the broad market, declining issues outpaced advancers by a margin of more than 2 to 1 on the NYSE and by a margin of more than 9 to 7 on Nasdaq. The broader S&P 500 plunged 17 points to 2,046. Bitcoin slipped $1 to $453.

Mixed markets at midday

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The markets traded mixed during the midday with the Dow falling 38 points to 17,681 while Nasdaq gained 10 points to 4,748. 


On the upside


Sunrun (Nasdaq: RUN) reversed year ago losses to post a greater than expected profit for the first quarter. 


HTG Molecular Diagnostics (Nasdaq: HTGM) entered a research collaboration with Bristol-Myers Squibb (NYSE: BMY) to evaluate the potential for immuno-oncology molecular profiling in multiple tumor types.


On the downside


The Food and Drug Administration requested that Tetraphase Pharmaceuticals (Nasdaq: TTPH) conduct an additional phase 3 clinical trial to support its New Drug Application for IV eravacycline.


Bitauto Holdings (NYSE: BITA) fell to a greater than expected loss for the first quarter.

 

Petrobras (NYSE: PBR) fell to an unexpected loss for the first quarter.


Companhia Siderurgica Nacional (NYSE: SID) disappointed with a loss for the first quarter.

 

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 a margin of more than 9 to 7 on Nasdaq. The broader S&P 500 slipped 2 points to 2,061. Bitcoin added $1 to $453.

Mixed open as crude oil slips

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Retail sales climbed by a greater than expected 1.3% in April but crude oil prices slipped. The markets opened mixed with the Dow falling 43 points to 17,677 while Nasdaq added 2 points to 4,739. 


On the upside


Nvidia (Nasdaq: NVDA) reported higher first quarter earnings and revenue that topped analyst estimates prompting upgrades. 


Shake Shack (NYSE: SHAK) reversed year ago losses to post a greater than expected profit for the first quarter and forecast full year revenue ahead of estimates.


On the downside


ConforMIS (Nasdaq: CFMS) widened losses for the first quarter and cut its full year revenue forecast.


Nordstrom (NYSE: JWN) disappointed with sharply lower first quarter earnings that fell short of expectations and lowered its full year guidance.

 

Exco Resources (NYSE: XCO) formed a special committee to explore strategic alternatives.


J.C. Penney (NYSE: JCP) reported a loss for the first quarter as revenue missed expectations and the retailer lowered its margin guidance.

 

In the broad market, declining issues outpaced advancers by a margin of 9 to 7 on the NYSE while advancers barely edged out decliners by a slim margin on Nasdaq. The broader S&P 500 lost 4 points to 2,059. Bitcoin added $1 to $453.

The markets closed mixed with the Dow adding 9 points to 17,720 as first time applications for unemployment benefits unexpectedly rose last week. Nasdaq fell 23 points to 4,737. 


On the upside


Shares of Companhia Energitica de Minas Gerais (NYSE: CIG) rose after Brazilian senators voted to suspend President Dilma Rousseff and pursue an impeachment trial. 


Shares of A. M. Castle & Co. (NYSE: CAS) continued soaring.


On the downside


Parnell Pharmaceuticals (Nasdaq: PARN) priced its public offering of 2.55 million common shares at a discounted price.


21Vianet Group (Nasdaq: VNET) stock fell again over concerns about the Chinese economy.

 

Block & Leviton has initiated an investigation into Lending Club (NYSE: LC) for securities law violations.


Concerns that more cheap imported steel would be arriving on U.S. shores sent shares of U.S. Steel (NYSE: X) tumbling.

 

In the broad market, declining issues outpaced advancers by a margin of nearly 10 to 9 on the NYSE and by 2 to 1 on Nasdaq. The broader S&P 500 held steady at 2,064. Bitcoin slipped to $450.

The Bank of England warned of a possible recession in Britain if the country voted to leave the European Union. Domestic markets dropped during the midday with the Dow tumbling 84 points to 17,627. Nasdaq plunged 48 points to 4,712. 


On the upside


Bloomberg reported that drug maker Bayer and chemical company BASF are both considering acquiring Monsanto (NYSE: MON).


On the downside


ChemoCentryx (Nasdaq: CCXI) will present at the 2016 Society for Investigational Dermatology Annual Meeting today but profit takers sent the stock price tumbling.


Aegon (NYSE: AEG) reported lower first quarter earnings. 


The New York Times reported that Valeant Pharmaceuticals (NYSE: VRX) has yet to cut the price of its heart drugs by the 30% that the drug maker promised to hospitals.

 

Falling memory chip prices weighed down shares of Micron Technology (Nasdaq: MU).


Investors locked in profits on Turtle Beach (Nasdaq: HEAR).

 

In the broad market, declining issues outpaced advancers by a margin of nearly 5 to 3 on the NYSE and by nearly 7 to 3 on Nasdaq. The broader S&P 500 dropped 10 points to 2,054. Bitcoin added $1 to $452.

The markets opened mixed with the Dow adding 5 points to 17,716 while Nasdaq lost 12 points to 4,747 as jobless claims unexpectedly rose last week. 


On the upside


LSB Industries (NYSE: LXU) will sell its Climate Control Business to NIBE Industrier for $364 million.


Bloomberg reported that Infoblox (NYSE: BLOX) received an acquisition offer from Thoma Bravo.


Jack in the Box (Nasdaq: JACK) reported higher second quarter earnings that surpassed analyst expectations.

 

On the downside


Himax Technologies (Nasdaq: HIMX) reported higher first quarter earnings and revenue but the stock price fell.


First quarter earnings and revenue for CPI Card Group (Nasdaq: PMTS) fell short of expectations prompting the company to slash its full year forecast. 


Kohl's (NYSE: KSS) disappointed with lower first quarter earnings and revenue that missed expectations.

 

In the broad market, advancing issues outpaced decliners by a margin of more than 2 to 1 on the NYSE and by nearly 10 to 9 on Nasdaq. The broader S&P 500 added 2 points to 2,066. Bitcoin added $1 to $452.

The markets closed sharply lower with the Dow collapsing 217 points to 17,711 as corporate earnings disappointed. Nasdaq plummeted 49 points to 4,760. 


On the upside


Encana (NYSE: ECA) may sell some of its shale assets in Western Canada.


Celator Pharmaceuticals (Nasdaq: CPXX) reported a loss for the first quarter and affirmed its plans to submit Vyxeos for FDA approval this year.


A.M. Castle & Co. (NYSE: CAS) widened losses for the first quarter but the stock price rose.

 

On the downside


Profit taking sank shares of Momo (Nasdaq: MOMO).


The Justice Department is investigating the contracts between Endo International (Nasdaq: ENDP) and pharmacy benefit managers. 


Wedbush downgraded Epirus Biopharmaceuticals (Nasdaq: EPRS) from an Outperform rating to a Neutral rating.

 

In the broad market, declining issues outpaced advancers by a margin of more than 5 to 3 on the NYSE and by nearly 5 to 2 on Nasdaq. The broader S&P 500 tumbled 19 points to 2,064. Bitcoin added $1 to $451.

Losses extended at midday

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The markets extended its losses during the midday with the Dow plunging 117 points to 17,811. Nasdaq lost 15 points to 4,794. 


On the upside


Bargain hunters lifted shares of ChemoCentryx (Nasdaq: CCSI).


StemCells (Nasdaq: STEM) extended its gains.


Intrepid Potash (NYSE: IPI) stock rose for a second day.

 

On the downside


First quarter earnings and revenue dropped for Macy's (NYSE: M) prompting the department store operator to cut its full year forecast.


Disappointing results from Fossil Group (Nasdaq: FOSL) weighed down shares of Michael Kors (NYSE: KORS). 


Disney (NYSE: DIS) reported second quarter earnings and revenue that fell short of expectations.

 

In the broad market, declining issues barely edged out advancers by a slim margin on the NYSE while decliners outpaced advancers by nearly 5 to 4 on Nasdaq. The broader S&P 500 dropped 8 points to 2,076. Bitcoin added $1 to $451.

Disappointing earnings weighed the markets down to a lower open with the Dow falling 67 points to 17,860. Nasdaq slipped a point to 4,808. 


On the upside


Electronic Arts (Nasdaq: EA) impressed with sharply higher fourth quarter earnings that beat expectations and forecast 2017 results ahead of estimates.


Canadian Solar (Nasdaq: CSIQ) reported better than expected results for the first quarter and forecast current quarter as well as full year revenue above estimates.


Synacor (Nasdaq: SYNC) reported higher first quarter revenue.

 

On the downside


The proposed merger between Office Depot (Nasdaq: ODP) and Staples (Nasdaq: SPLS) has been cancelled after a federal judge ruled against the deal.


C&J Energy Services (NYSE: CJES) widened first quarter losses significantly as revenue tumbled. 


First quarter earnings plunged for Fossil Group (Nasdaq: FOSL) prompting the company to slash its full year earnings outlook.

 

In the broad market, declining issues outpaced advancers by a margin of nearly 2 to 1 on the NYSE and by nearly 5 to 3 on Nasdaq. The broader S&P 500 lost 3 points to 2,080. Bitcoin held steady at $451.

Upbeat economic data along with rebounding crude oil prices sent the markets soaring to a sharply higher close with the Dow rocketing 222 points to 17,928. Nasdaq jumped 59 points to 4,809. 


On the upside


Bloomberg reported that Marketo (Nasdaq: MKTO) engaged the services of Morgan Stanley to explore strategic options including a possible sale of the company.


Dermira (Nasdaq: DERM) reported positive results from a Phase 2b clinical trial of DRM01 to treat facial acne vulgaris.


Nautilus (NYSE: NLS) reported higher first quarter earnings that topped analyst estimates.

 

On the downside


Epirus Biopharmaceuticals (Nasdaq: EPRS) suspended lead program BOW015 and announced the resignation of president and chief executive Amit Munshi.


Zebra Technologies (Nasdaq: ZBRA) widened first quarter losses more than expected and forecast lower second quarter revenue. 


Omeros (Nasdaq: OMER) widened losses for the first quarter.

 

In the broad market, advancing issues outpaced decliners by a margin of more than 3 to 1 on the NYSE and by more than 5 to 3 on Nasdaq. The broader S&P 500 surged 25 points to 2,084. Bitcoin lost $4 to $451.

The markets extended its gains during the midday with the Dow leaping 199 points to 17,905 as wholesale prices edged up. Nasdaq climbed 46 points to 4,796. 


On the upside


First quarter earnings for SodaStream International (Nasdaq: SODA) surpassed analyst expectations by a wide margin.


Akorn (Nasdaq: AKRX) completed the restatement of its 2014 financial statements.


Platform Specialty Products (NYSE: PAH) reported a smaller than expected loss for the first quarter.

 

On the downside


Fiesta Restaurant Group (Nasdaq: FRGI) disappointed with lower first quarter earnings that fell short of expectations.


SolarEdge Technologies (Nasdaq: SEDG) reported lower third quarter earnings and forecast current quarter revenue below estimates. 


First quarter earnings dropped for PRA Group (Nasdaq: PRAA) prompting a downgrade.

 

In the broad market, advancing issues outpaced decliners by a margin of more than 5 to 2 on the NYSE and by more than 7 to 5 on Nasdaq. The broader S&P 500 surged 21 points to 2,079. Bitcoin lost $4 to $451.

Rising crude oil prices lifted the markets to a sharply higher open with the Dow soaring 159 points to 17,865. Nasdaq gained 17 points to 4,767. 


On the upside


ChemoCentryx (Nasdaq: CCXI) entered a strategic license agreement for Vifor Pharm to commercialize CCX168 outside the U.S. and most of Asia.


Crocs (Nasdaq: CROX) reversed year ago losses to post a greater than expected profit for the first quarter.


MaxLinear (NYSE: MXL) swung to a better than expected profit for the first quarter.

 

On the downside


SolarCity (Nasdaq: SCTY) widened first quarter losses more than expected and slashed its solar panel installation forecast.


NewLink Genetics (Nasdaq: NLNK) reported disappointing results from a Phase 3 clinical trial of its resected pancreatic cancer treatment algenpantucel-L. 


MannKind (Nasdaq: MNKD) priced its registered direct public offering of common stock and warrants.

 

In the broad market, advancing issues outpaced decliners by a margin of more than 3 to 1 on the NYSE and by more than 7 to 5 on Nasdaq. The broader S&P 500 climbed 13 points to 2,072. Bitcoin lost $4 to $451.

The markets closed mixed with the Dow falling 34 points to 17,705 as a sharp drop in the Chinese markets sparked concerns about the global economy. Nasdaq rose 14 points to 4,750. 


On the upside


Argos Therapeutics (Nasdaq: ARGS) will report earnings later this week.


First quarter revenue surged for Wayfair (NYSE: W) to top analyst estimates.


Murphy USA (NYSE: MUSA) reported sharply higher first quarter earnings.

 

On the downside


Shares of 21Vianet Group (Nasdaq: VNET) tumbled after the Shanghai markets dropped.


Falling commodities prices weighed down shares of Joy Global (Nasdaq: JOY). 


Kosmos Energy (NYSE: KOS) reported a loss for the first quarter as revenue plunged.

 

In the broad market, declining issues outpaced advancers by a margin of more than 10 to 9 on the NYSE while advancers edged out decliners by a margin of more than 10 to 9 on Nasdaq. The broader S&P 500 added a point to 2,058. Bitcoin rose $3 to $458.

The markets traded mixed during the midday with the Dow falling 37 points to 17,702 as crude oil prices slipped below $44 per barrel. Nasdaq gained 23 points to 4,759. 


On the upside


Mizuho upgraded DepoMed (Nasdaq: DEPO) from a Neutral rating to a Buy rating.


Chimerix (Nasdaq: CMRX) reported upbeat interim results from an AdVise trial of brincidofovir.


Ceragon Networks (Nasdaq: CRNT) narrowed first quarter losses more than expected.

 

On the downside


Tetra Technologies (NYSE: TTI) widened first quarter losses more than expected as revenue tumbled. 


A drop in the Shanghai markets sent shares of Momo (Nasdaq: MOMO) lower. 


AngloGold Ashanti (NYSE: AU) reported lower first quarter earnings as production dropped.


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 a margin of nearly 3 to 2 on Nasdaq. The broader S&P 500 added 2 points to 2,059. Bitcoin rose $4 to $459.

The markets opened mixed with the Dow losing 22 points to 17,718 while Nasdaq rose 8 points to 4,744 as crude oil prices slipped. 


On the upside


Krispy Kreme Doughnuts (NYSE: KKD) will be taken private by JAB Holding for a premium of approximately $1.35 billion in cash.


Shares of Paragon Shipping (Nasdaq: PRGN) continued soaring.


Horizon Pharma (Nasdaq: HZNP) reported a smaller than expected loss for the first quarter as revenue rose.

 

On the downside


LendingClub (NYSE: LC) chief executive Renaud Laplanche resigned for violating the company's business practices. 


Casablanca Capital sold its equity position in Cliffs Natural Resources (NYSE: CLF) after the death of Casablanca Capital co-founder Donald Drapkin. 


Investors locked in profits on ArcelorMittal (NYSE: MT).


In the broad market, advancing issues were on par with decliners on the NYSE while advancers edged out decliners by a margin of 7 to 5 on Nasdaq. The broader S&P 500 added 3 points to 2,060. Bitcoin added $1 to $456.

The markets recovered earlier losses to close higher with the Dow climbing 79 points to 17,740 as average hourly earnings and the average work week both rose. Nasdaq gained 19 points to 4,736. 


On the upside


DeVry Education (NYSE: DV) reported higher first quarter earnings that topped analyst estimates.


Synchronoss Technologies (Nasdaq: SNCR) reported a smaller than expected loss for the first quarter.


QLogic (Nasdaq: QLGC) reported higher first quarter earnings that beat expectations

 

On the downside


Barclay's said that Chesapeake Energy (NYSE: CHK) stock was worth only $1 per share. 


El Pollo Loco (Nasdaq: LOCO) disappointed with lower first quarter earnings that missed analyst estimates. 


Valeant Pharmaceuticals (NYSE: VRX) formed a new committee to establish prices for its drugs.


In the broad market, advancing issues outpaced decliners by a margin of more than 5 to 3 on the NYSE and by nearly 5 to 4 on Nasdaq. The broader S&P 500 gained 6 points to 2,057. Bitcoin rose to $456.

The markets traded lower during the midday with the Dow losing 19 points to 17,641 as employers added a smaller than expected 160,000 jobs in April. Nasdaq dropped 25 points to 4,692. 


On the upside


Bargain hunters lifted shares of LSB Industries (NYSE: LXU).


Shares of Unit (NYSE: UNT) surged as investors snapped up bargains.


Sierra Wireless (Nasdaq: SWIR) swung to a better than expected profit for the first quarter.

 

On the downside


A Food and Drug Administration committee recommended against labeling KemPharm's (Nasdaq: KMPH) acute pain treatment Apadaz abuse deterrent. 


Imperva (NYSE: IMPV) widened first quarter losses prompting a downgrade. 


Intersect (Nasdaq: XENT) widened losses for the first quarter.


In the broad market, advancing issues outpaced decliners by a margin of more than 10 to 9 on the NYSE while decliners edged out advancers by more than 7 to 5 on Nasdaq. The broader S&P 500 lost 5 points to 2,044. Bitcoin rose $4 to $451.

Disappointing jobs data weighed the markets down to a lower open with the Dow falling 37 points to 17,623. Nasdaq dropped 20 points to 4,696. 


On the upside


Yelp (NYSE: YELP) reported a smaller than expected loss for the first quarter.


First quarter earnings for Atwood Oceanics (NYSE: ATW) surpassed expectations by a wide margin.


Sophiris Bio (Nasdaq: SPHS) will present positive data from a Phase 3 study of topsalysin to treat benign prostatic hyperplasia at the 111th American Urological Association Annual Meeting tomorrow.

 

On the downside


Endo International (Nasdaq: ENDP) fell to a loss for the first quarter and slashed its full year forecast. 


Square (NYSE: SQ) reported a greater than expected loss for the first quarter. 


FireEye (Nasdaq: FEYE) widened first quarter losses and replaced chief executive David DeWalt with Kevin Mandia.


In the broad market, declining issues outpaced advancers by a margin of more than 10 to 9 on the NYSE and by 3 to 2 on Nasdaq. The broader S&P 500 lost 5 points to 2,045. Bitcoin added $2 to $449.

The markets closed mixed with the Dow rising 9 points to 17,660 as first time applications for unemployment benefits rose last week. Nasdaq lost 8 points to 4,717. 


On the upside


Tutor Perini (NYSE: TPC) reported sharply higher first quarter earnings that tripled to surpass analyst estimates by a wide margin.


Laredo Petroleum (NYSE: LPI) reported a smaller than expected loss for the first quarter.


Shares of EXCO Resources (NYSE: XCO) extended its gains.

 

On the downside


Papa Murphy's (Nasdaq: FRSH) disappointed with sharply lower first quarter earnings that fell short of expectations. 


Third quarter earnings for Matrix Services (Nasdaq: MTRX) missed estimates by a wide margin prompting the company to lower its full year revenue forecast. 


Ciber (NYSE: CBR) fell to a loss for the first quarter as revenue dropped.


In the broad market, declining issues outpaced advancers by a margin of 10 to 9 on the NYSE and by more than 5 to 3 on Nasdaq. The broader S&P 500 eased to 2,050. Bitcoin edged up to $446.

Markets advance at midday

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The markets advanced during the midday with the Dow gaining 57 points to 17,708. Nasdaq rose 11 points to 4,736. 


On the upside


Legacy Reserves (Nasdaq: LGCY) swung to a profit for the first quarter.


Civeo (NYSE: CVEO) provided housing to residents who have been displaced by the Fort McMurray fire.


Continental Resources (NYSE: CLR) widened losses for the first quarter but the company lifted its full year production forecast.

 

On the downside


LSB Industries (NYSE: LXU) fell to a greater than expected loss for the first quarter as revenue dropped. 


Fitbit (NYSE: FIT) reported lower first  quarter earnings and forecast current quarter earnings below expectations. 


Triangle Capital (NYSE: TCAP) disappointed with lower first quarter earnings and revenue that fell short of expectations and cut its quarterly dividend.


In the broad market, advancing issues outpaced decliners by a margin of nearly 7 to 5 on the NYSE while advancers were on par with decliners on Nasdaq. The broader S&P 500 rose 6 points to 2,057. Bitcoin held steady at $445.

Rising crude oil prices lifted the markets to a higher open with the Dow gaining 47 points to 17,698. Nasdaq held steady at 4,725. 


On the upside


Synacor (Nasdaq: SYNC) won a portal services contract with AT&T (NYSE: T) that could generate up to $100 million in revenue annually.


EP Energy (NYSE: EPE) reported better than expected earnings for the first quarter.


Atlas Air Worldwide (Nasdaq: AAWW) reported better than expected earnings for the first quarter and announced that it will provide air cargo services to Amazon (Nasdaq: AMZN).

 

On the downside


Pernix Therapeutics (Nasdaq: PTX) reported a loss for the first quarter as revenue fell. 


Weatherford International (NYSE: WFT) widened losses more than expected for the first quarter as revenue tumbled. 


Roadrunner Transportation Systems (NYSE: RRTS) disappointed with sharply lower first quarter earnings that fell short of expectations prompting the company to lower its full year earnings outlook.


In the broad market, advancing issues outpaced decliners by a margin of more than 2 to 1 on the NYSE and by nearly 5 to 4 on Nasdaq. The broader S&P 500 added 3 points to 2,054. Bitcoin held steady at $445.

Economic concerns weighed the markets down to a lower close with the Dow tumbling 99 points to 17,651. Nasdaq dropped 37 points to 4,725. 


On the upside


Gol Linhas (NYSE: GOL) commenced a private exchange offering.


Quad/Graphics (NYSE: QUAD) swung to a profit for the first quarter.


Bargain hunters lifted shares of Archrock (NYSE: AROC).

 

On the downside


Big 5 Sporting Goods (Nasdaq: BGFV) fell to a greater than expected loss for the first quarter. 


Raymond James downgraded AMAG Pharmaceuticals (Nasdaq: AMAG) from an Outperform rating to a Market Perform rating. 


Kynikos Associates founder Jim Chanos said that SolarCity (Nasdaq: SCTY) would face financial trouble this year.


In the broad market, declining issues outpaced advancers by a margin of 3 to 2 on the NYSE and by nearly 2 to 1 on Nasdaq. The broader S&P 500 lost 12 points to 2,051. Bitcoin fell $3 to $444.

The markets extended its losses during the midday with the Dow plunging 115 points to 17,635 as productivity declined in the first quarter. Nasdaq tumbled 40 points to 4,722. 


On the upside


Match Group (Nasdaq: MTCH) reported better than expected earnings for the first quarter.


Exco Resources (NYSE: XCO) narrowed first quarter losses more than expected.


First quarter earnings and revenue for Nutrisystem (Nasdaq: NTRI) topped analyst estimates and the company forecast second quarter as well as full year earnings above expectations.

 

On the downside


Cray (Nasdaq: CRAY) reported a loss for the first quarter and forecast current quarter revenue that fell short of expectations.


Profit taking weighed down shares of Endurance International Group (Nasdaq: EIGI). 


Heartware International (Nasdaq: HTWR) widened first quarter losses more than expected.


In the broad market, declining issues outpaced advancers by a margin of nearly 2 to 1 on the NYSE and by nearly 7 to 3 on Nasdaq. The broader S&P 500 fell 14 points to 2,048. Bitcoin dropped $4 to $444.

The nation's productivity fell in the first quarter to weigh the markets down to a lower open with the Dow losing 37 points to 17,713. Nasdaq fell 19 points to 4,743. 


On the upside


Eleven Biotherapeutics (Nasdaq: EBIO) presented new data from post hoc analyses on the influence of Interleukin Genetics' IL-1 genetic patterns on response to isunakinra in patients with severe allergic conjunctivitis and severe dry eye.


Zillow Group (Nasdaq: Z) narrowed losses for the first quarter and lifted its full year revenue guidance.


Glaukos (NYSE: GKOS) reversed year ago losses to post a greater than expected profit for the first quarter and forecast full year revenue ahead of estimates.

 

On the downside


Glu Mobile (Nasdaq: GLUU) fell to a loss for the first quarter and forecast current quarter as well as full year results that missed expectations.


Mizuho downgraded Relypsa (Nasdaq: RLYP) from a Neutral rating to an Underperform rating. 


Rubicon Project (NYSE: RUBI) swung to a profit for the first quarter but the company forecast disappointing full year revenue.


In the broad market, declining issues outpaced advancers 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 dropped 13 points to 2,049. Bitcoin lost $3 to $445.

Concerns about the global economy sent the markets tumbling to a sharply lower close with the Dow plummeting 140 points to 17,750. Nasdaq plunged 54 points to 4,763. 


On the upside


RoundTable Healthcare Partners will pay a premium of approximately $140.3 million in cash to acquire Symmetry Surgical (Nasdaq: SSRG).


Third quarter earnings for Fabrinet (NYSE: FN) nearly doubled to top analyst estimates and the company forecast current quarter results ahead of expectations.


TriNet Group (NYSE: TNET) reported better than expected earnings for the first quarter.

 

On the downside


Walter Investment Management (NYSE: WAC) widened losses significantly for the first quarter.


The Brink's Company (NYSE: BCO) widened first quarter losses as revenue fell. 


Falling crude oil prices weighed down shares of Chesapeake Energy (NYSE: CHK) and Legacy Reserves (Nasdaq: LGCY).


In the broad market, declining issues outpaced advancers by a margin of more than 3 to 1 on the NYSE and by more than 5 to 2 on Nasdaq. The broader S&P 500 tumbled 18 points to 2,063. Bitcoin gained $3 to $447.

Falling crude oil prices sent the markets down during the midday with the Dow plunging 134 points to 17,756. Nasdaq tumbled 46 points to 4,771. 


On the upside


Rayonier Advanced Materials (NYSE: RYAM) reported sharply higher first quarter earnings that beat expectations by a wide margin.


Joseph C. Papa has officially assumed his role as chairman and chief executive officer of Valeant Pharmaceuticals (NYSE: VRX).


Cognex (Nasdaq: CGNX) reported better than expected first quarter results and increased its quarterly dividend.

 

On the downside


Archrock (NYSE: AROC) fell to a loss for the first quarter and slashed its quarterly dividend.


AMAG Pharmaceuticals (Nasdaq: AMAG) fell to a greater than expected loss for the first quarter. 


Shares of Exco Resources (NYSE: XCO) fell ahead of its earnings release today after market close.


In the broad market, declining issues outpaced advancers by a margin of more than 7 to 2 on the NYSE and by more than 5 to 2 on Nasdaq. The broader S&P 500 tumbled 15 points to 2,066. Bitcoin rose $2 to $446.

Disappointing manufacturing data in China weighed the markets down to a sharply lower open with the Dow plummeting 185 points to 17,705. Nasdaq plunged 60 points to 4,757. 


On the upside


AXT (Nasdaq: AXTI) swung to a better than expected profit for the first quarter.


Mallinckrodt (NYSE: MNK) reported higher second quarter earnings that surpassed expectations by a wide margin prompting the company to lift its full year forecast.


First quarter earnings rose for The Chemours Company (NYSE: CC).

 

On the downside


Community Health Systems (NYSE: CYH) disappointed with sharply lower first quarter earnings.


On Deck Capital (NYSE: ONDK) widened first quarter losses more than expected and forecast current quarter as well as full year revenue that fell short of expectations prompting downgrades. 


K2M Group Holdings (Nasdaq: KTWO) reported a wider than expected loss for the first quarter.


In the broad market, declining issues outpaced advancers by a margin of nearly 5 to 1 on the NYSE and by nearly 7 to 2 on Nasdaq. The broader S&P 500 dropped 14 points to 2,067. Bitcoin rose $3 to $447.

An increase in March construction spending lifted the markets to a sharply higher close with the Dow surging 117 points to 17,891. Nasdaq climbed 42 points to 4,817. 


On the upside


Shares of Keryx Biopharmaceuticals (Nasdaq: KERX) continued to climb.


Uni-Pixel (Nasdaq: UNXL) stock rose ahead of its earnings release later this week.


Halliburton (NYSE: HAL) cancelled its proposed acquisition of Baker Hughes (NYSE: BHI).

 

On the downside


Shares of Navios Maritime (NYSE: NM) extended its losses.


Haemonetics (NYSE: HAE) widened losses for the fourth quarter. 


FBR Capital downgraded Legacy Reserves (Nasdaq: LGCY) from a Market Perform rating to an Underperform rating.


In the broad market, advancing issues outpaced decliners by a margin of more than 5 to 3 on the NYSE and by more than 7 to 5 on Nasdaq. The broader S&P 500 soared 16 points to 2,081. Bitcoin fell $6 to $445.

The Atlanta Federal Reserve expects the nation's economy to grow at an annual rate of 1.8% in the second quarter. The markets continued to rise during the midday with the Dow soaring 95 points to 17,869. Nasdaq gained 25 points to 4,800. 


On the upside


An investor group led by Apollo Global Management increased its acquisition offer for Apollo Education (Nasdaq: APOL) to $10 per share.


Tudor Pickering upgraded Newpark Resources  (NYSE: NR) from a Hold rating to a Buy rating.


Shares of Mitek Systems (Nasdaq: MITK) continued to rise.

 

On the downside


Bind Therapeutics (Nasdaq: BIND) filed for Chapter 11 bankruptcy protection.


Zacks Equity Research does not expect EXCO Resources (NYSE: XCO) to beat expectations when the company announces earnings tomorrow after market close. 


Pacira Pharmaceuticals (Nasdaq: PCRX) fell to a loss for the first quarter.


In the broad market, advancing issues outpaced decliners by a margin of more than 7 to 5 on the NYSE and by 10 to 9 on Nasdaq. The broader S&P 500 climbed 11 points to 2,077. Bitcoin dropped $8 to $442.

A rise in European stocks lifted domestic markets to a higher open with the Dow gaining 54 points to 17,828. Nasdaq rose 6 points to 4,781. 


On the upside


Oracle (Nasdaq: ORCL) will pay a premium of approximately $532 million in cash to acquire Opower (NYSE: OPWR).


Shares of Genworth Financial (NYSE: GNW) extended its gains.


Sarepta Therapeutics (Nasdaq: SRPT) stock continued to climb.

 

On the downside


Shares of Paragon Shipping (Nasdaq: PRGN) continued to fall.


Investors locked in profits on Globus Maritime (Nasdaq: GLBS). 


Brocade Communications (Nasdaq: BRCD) lowered its second quarter forecast.


In the broad market, declining issues were on par with advancers on the NYSE while decliners edged out advancers by more than 10 to 9 on Nasdaq. The broader S&P 500 gained 5 points to 2,071. Bitcoin fell $7 to $443.

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