Wholesale inventories fell more than expected in February but the markets closed modestly higher with the Dow gaining 35 points to 17,576 as crude oil prices rose above $39 per barrel. Nasdaq added 2 points to 4,850.
On the upside
Amira Nature Foods (NYSE: ANFI) will release interim financial results for the six months ended September 30, 2015 later this month and six month and full year financial results for the fiscal year ended March 31, 2016 in July 2016.
Rising crude oil prices lifted shares of Legacy Reserves (Nasdaq: LGCY).
Diana Shipping (NYSE: DSX) entered a time charter contract with Quadra Commodities for one Kamsarmax dry bulk vessels.
On the downside
Food and Drug Administration reviewers questioned the safety of Clovis Oncology's (Nasdaq: CLVS) lung cancer treatment rociletinib.
Ruby Tuesday (NYSE: RT) widened third quarter losses more than expected as revenue fell and announced the departure of chief financial officer Jill Golder.
Profit taking weighed down shares of Tetraphase Pharmaceuticals (Nasdaq: TTPH).
In the broad market, advancing issues outpaced decliners by a margin of more than 3 to 1 on the NYSE and by 5 to 4 on Nasdaq. The broader S&P 500 rose 5 points to 2,047. Bitcoin slipped $1 to $417.
