Reassurances by the Federal Reserve that it would continue its bond buying program lifted the markets to a higher close with the Dow climbing 80 points to 15,040. Nasdaq gained 22 points to 3424.
On the upside
Shares of LightInTheBox (NYSE: LITB) soared in its market debut.
A Seeking Alpha contributor recommended Responsys (Nasdaq: MKTG).
First quarter earnings for Conn's (Nasdaq: CONN) nearly doubled to beat expectations as revenue soared.
On the downside
Vanda Pharmaceuticals (Nasdaq: VNDA) presented additional data from two Phase III studies of its Non-24-Hour Disorder treatment tasimelteon.
Rosetta Stone (NYSE: RST) priced its secondary offering of 3.5 million common shares at the discounted price of $16 per share.
Bloomberg reported that Apple (Nasdaq: AAPL) would begin trade-in program for iPhones.
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 2 on Nasdaq. The broader S&P 500 index climbed 13 points to 1622.
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