An upward revision of the nation's fourth quarter economic expansion lifted the markets to a higher close with the Dow rising 50 points to 12,220. Nasdaq gained 6 points to 2743.
On the upside
CryptoLogic (Nasdaq: CRYP) retained the services of Deloitte Corporate Finance to conduct a strategic review of the company.
Charming Shoppes (Nasdaq: CHRS) reported a narrower than expected loss for the fourth quarter and appointed chief operating officer Anthony Romano to the position of chief executive officer yesterday.
Accretive Health (NYSE: AH) announced a secondary offering of 6.5 million shares at $23.50 per share.
On the downside
Synnex (NYSE: SNX) disappointed with lower first quarter earnings as expenses climbed.
Standard & Poor's removed Dynegy (NYSE: DYN) from its MidCap 400 index after the company's market capitalization dropped below the minimum $735 million.
Concerns about Japan's recovery from the devastating earthquake, tsunami and nuclear radiation weighed down shares of Canon (NYSE: CAJ).
In the broad market, advancing issues outpaced decliners by a margin of more than 5 to 3 on the NYSE and by 7 to 5 on Nasdaq. The Russell 2000 which tracks small cap stocks climbed 6 points to 823.
