Consumer sentiment rose more than expected in February to lift the markets to a higher open with the Dow rising 15 points to 13,989. Nasdaq gained 5 points to 3203.
On the upside
Billionaire investor Carl Icahn acquired a 13% stake in Herbalife (NYSE: HLF) as part of an ongoing dispute with William Ackman, who accused the nutritional supplement company of being a pyramid scheme.
Qlik Technologies (Nasdaq: QLIK) reported lower fourth quarter earnings but the results were better than expected.
Trian Fund purchased 1.6 million shares of MeadWestvaco (NYSE: MWV).
On the downside
LogMeIn (Nasdaq: LOGM) reported higher fourth quarter revenue and earnings but the company forecast current quarter results well below analyst expectations.
Fourth quarter revenue and earnings rose for IPG Photonics (Nasdaq: IPGP) but the results fell short of estimates.
Howard Weil downgraded Transocean (NYSE: RIG) to a Sector Perform rating while Deutsche Bank downgraded the offshore drilling services provider to a Sell rating.
In the broad market, advancing issues outpaced decliners by a margin of nearly 5 to 4 on the NYSE and by a margin of more than 9 to 7 on Nasdaq. The broader S&P 500 index added a point to 1523.
Nasdaq quotes delayed at least 15 minutes, all others at least 20 minutes.
Markets are closed on certain holidays. Stock Market Holiday List
By accessing this page, you agree to the following
Press Release Service provided by PRConnect.
Stock quotes supplied by Six Financial
Postage Rates Bots go here