Markets Open Higher Ahead Of Fed's Rate Decision

The markets opened modestly higher with the Dow rising 7 points to 10,649 as investors await the Federal Reserve's interest rate decision. Nasdaq added 3 points to 2365.

On the upside

Credit Suisse analyst Gabriel Chan upgraded Melco Crown Entertainment (Nasdaq: MPEL) citing strong gaming revenue growth in Macau.

Oriental Financial Group (NYSE: OFG) priced its offering of 7.6 million common shares at $11.40 per share to raise approximately $86.6 million.

Fourth quarter earnings for AthernaHealth (Nasdaq: ATHN) plunged from last year when a significant tax benefit lifted profit but revenue soared.

On the downside

Sequenom (Nasdaq: SQNM) widened fourth quarter losses more than expected as revenue dropped and expenses increased.

Lexicon Pharmaceuticals (NYSE: LXRX) priced its public offering of more than 87.7 million shares at $1.15 per share.

Global Partners (NYSE: GLP) priced its offering of 3.4 million common shares at $22.75 per share.

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