The markets opened modestly higher with the Dow adding 8 points to 18,124 as consumer prices edged up 0.2% in February. Nasdaq rose 12 points to 5,023.
On the upside
Digital Ally (Nasdaq: DGLY) narrowed losses for the fourth quarter as revenue soared.
Atossa Genetics (Nasdaq: ATOS) launched its FullCYTE Breast Aspirator in the United States.
Vericel (Nasdaq: VCEL) narrowed fourth quarter losses as revenue surged.
On the downside
Sonus Networks (Nasdaq: SONS) slashed its revenue guidance for the first quarter, warned of losses and initiated a cost structure analysis.
Freeport-McMoRan (NYSE: FCX) blamed lower commodity prices for slashing its quarterly dividend from $0.3125 per share to $0.05 per share.
Investors locked in profits on RADA Electronic Industries (Nasdaq: RADA).
In the broad market, declining issues outpaced advancers by a margin of more than 5 to 4 on the NYSE and by nearly 10 to 9 on Nasdaq. The broader S&P 500 added a point to 2105. Bitcoin fell $17 to $248.
Higher open as consumer prices edge up
March 24, 2015 at 10:43 AM EDT