Stronger than expected expansion of the nation's services sector lifted the markets to a higher close with the Dow rising 17 points to 16,530. Nasdaq gained 14 points to 4,138.
On the upside
Deutsche Bank and Stifel both initiated coverage of Candy Crush maker King Digital Entertainment (Nasdaq: KING) with a Buy rating while Barclays initiated coverage with an Overweight rating and RBC Capital Markets initiated coverage with an Outperform rating.
Motley Fool recommended Kandi Technologies Group (Nasdaq: KNDI) for investors interested in the electric vehicle market.
Shares of InterMune (Nasdaq: ITMN) continued climbing.
On the downside
Nikkei's Asian Review reported that Samsung will not expand production of OLED TVs weighed down shares of Universal Display (Nasdaq: OLED).
Shares of Pacific Ethanol (Nasdaq: PEIX) continued falling after reporting a wider loss for the first quarter last week.
Ritchie Bros. Auctioneers (NYSE: RBA) reported flat first quarter earnings as revenue slipped.
In the broad market, declining issues barely edged out advancers by a slim margin on the NYSE while decliners outpaced advancers by 9 to 7 on Nasdaq. The broader S&P 500 rose 3 points to 1884. Bitcoin slipped $3.66 or 0.86% to $428.61.
