The markets closed higher with the Dow gaining 53 points to 18,570 on Verizon's potential acquisition of Yahoo. Nasdaq climbed 26 points to 5,100.
On the upside
Shares of Technical Communications (Nasdaq: TCCO) surged on no news.
Cantor Fitzgerald's upbeat assessment of Cara Therapeutics' (Nasdaq: CARA) pain treatment CR845 IV lifted shares of the biopharmaceutical.
Shares of Top Ships (Nasdaq: TOPS) climbed for the fifth day.
On the downside
Basic Energy Services (NYSE: BAS) reported a greater than expected loss for the second quarter.
Abaxis (Nasdaq: ABAX) reported lower first quarter earnings that fell short of expectations.
Second quarter earnings for Athenahealth (Nasdaq: ATHN) fell short of expectations.
In the broad market, advancing issues outpaced decliners by a margin of 2 to 1 on the NYSE and by more than 5 to 3 on Nasdaq. The broader S&P 500 climbed 9 points to 2,175. Bitcoin tumbled $8 to $654.
