Markets higher as ECB lifts eurozone growth forecast

The markets traded higher during the midday with the Dow rising 34 points to 18,131 after the European Central Bank lifted its eurozone growth forecast from 1% to 1.5%. Nasdaq added 12 points to 4,979.

On the upside

The Food and Drug Administration released briefing documents for Kythera Biopharma's (Nasdaq: KYTH) ATX-101 indicating a favorable benefit-risk assessment.

Vivint Solar (NYSE: VSLR) reported a smaller than expected loss for the fourth quarter.

Geron (Nasdaq: GERN) narrowed losses for the fourth quarter.

On the downside

Capnia (Nasdaq: CAPN) closed a transaction for Series B warrant holders to exercise their warrants and issued new Series C warrants.

Eclipse Resources (NYSE: ECR) widened losses for the fourth quarter.

Momo (Nasdaq: MOMO) widened fourth quarter losses.

In the broad market, advancing issues outpaced decliners by a margin of more than 5 to 4 on the NYSE and by more than 3 to 2 on Nasdaq. The broader S&P 500 added a point to 2099. Bitcoin slipped $5 to $264.
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