Higher close as service sector expands

Expansion in the service sector lifted the markets to a higher close with the Dow rising 33 points to 17,912. Nasdaq gained 18 points to 4,774.

On the upside

UTi Worldwide (Nasdaq: UTIW) entered a strategic partnership with Beijing Changjiu Logistics.

Technical Communications (Nasdaq: TCCO) received a $3.3 million contract to provide the Egyptian government with the company's DSD 72A-SP military bulk encryption systems, training and support.

Idera Pharmaceuticals (Nasdaq: IDRA) reported positive preclinical data for its cancer treatment IMO-2055.

On the downside

Ziopharm Oncology (Nasdaq: ZIOP) and Intrexon (NYSE: XON) presented at the American Association for Cancer Research (AACR).

Stephens downgraded Basic Energy Services (NYSE: BAS) from an Overweight rating to an Equal Weight rating and Imperial Capital slashed its price target from $23 to $14.50.

Ascena Retail Group (Nasdaq: ASNA) reported higher first quarter earnings but revenue slipped.

In the broad market, advancing issues outpaced decliners by a margin of more than 5 to 3 on both the NYSE and on Nasdaq. The broader S&P 500 gained 7 points to 2074. Bitcoin slipped $2 to $374.
Data & News supplied by www.cloudquote.io
Stock quotes supplied by Barchart
Quotes delayed at least 20 minutes.
By accessing this page, you agree to the following
Privacy Policy and Terms and Conditions.