Another record was set today with the Dow climbing 60 points to close at a new high of 15,275 over a gain in homebuilder confidence. Nasdaq gained 9 points to 3471.
On the upside
Shares of MEMC Electronic Materials (NYSE: WFR) continued rising after reporting better than expected quarterly revenue last week.
Lazard Capital Markets initiated coverage of Insmed (Nasdaq: INSM) with a Buy rating.
L&L Energy (Nasdaq: LLEN) will provide one million tons of coal to the Datang International Power Co. power plant.
On the downside
TheStreet Ratings affirmed its Buy rating on Rackspace Hosting (NYSE: RAX) but the stock price fell.
Athersys (Nasdaq: ATHX) widened first quarter losses more than expected as revenue plunged.
Shares of BioCryst Pharmaceuticals (Nasdaq: BCRX) fell ahead of its presentation at the Bank of America Merrill Lynch Healthcare Conference tomorrow morning.
In the broad market, advancing issues outpaced decliners by a margin of nearly 5 to 4 on the NYSE and by 9 to 7 on Nasdaq. The broader S&P 500 index climbed 8 points to 1658.
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