Softening Russian stance on Ukraine lifts markets

Conciliatory comments by Russian President Vladimir Putin lifted the markets to a higher close with the Dow climbing 61 points to 16,713. Nasdaq gained 18 points to 4453.

On the upside

Epizyme (Nasdaq: EPZM) widened losses for the second quarter but reported upbeat preclinical and early clinical observations of its cancer treatment EPZ-6438.

Interphase (Nasdaq: INPH) entered a $3.3 million stock purchase agreement with Hodges Small Cap Fund.

Profire Energy (Nasdaq: PFIE) reported higher first quarter earnings and revenue.

On the downside

Fifth Street Senior Floating Rate (Nasdaq: FSFR) cancelled a conference call to discuss its second quarter results and priced its public offering of 22.8 million common shares at the discounted price of $12.91 per share.

Vapor (Nasdaq: VPCO) widened losses for the second quarter.

Tekmira (Nasdaq: TKMR) widened second quarter losses as revenue tumbled.

In the broad market, advancing issues outpaced decliners by a margin of nearly 2 to 1 on the NYSE and by nearly 5 to 4 on Nasdaq. The broader S&P 500 gained 8 points to 1955. Bitcoin fell $27 to $513.

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