Stabilizing energy prices lifted the markets to a higher open with the Dow rising 17 points to 21,414. Nasdaq gained 15 points to 6,252.
On the upside
Deutsche Bank upgraded U.S. Steel (NYSE: X) from a Hold rating to a Buy rating.
Deutsche Bank analyst Jorge Beristain upgraded AK Steel (NYSE: AKS) to a Buy rating from a Hold rating.
Synchronoss (Nasdaq: SNCR) received an unsolicited acquisition offer from Siris Capital Group for a premium of $18.00 per share in cash.
On the downside
BlackBerry (Nasdaq: BBRY) reported first quarter revenue that fell short of analyst expectations.
Bed Bath & Beyond (Nasdaq: BBBY) disappointed with sharply lower first quarter earnings that missed expectations by a wide margin.
Ocular Therapeutix (Nasdaq: OCUL) named Antony Mattessich as its next chief executive.
In the broad market, advancing issues outpaced decliners by a margin of nearly 8 to 3 on the NYSE and by 2 to 1 on Nasdaq. The broader S&P 500 rose 5 points to 2,439. Bitcoin added $6 to $2698.
