Higher open as oil prices continue rising

The markets opened higher with the Dow gaining 34 points to 17,972 as crude oil prices continued to rise. Nasdaq slipped a point to 4,960.


On the upside


Bridgeline Digital (Nasdaq: BLIN) launched their new iAPPS Pro product line that offers fully integrated marketing automation, web content management and eCommerce capabilities.


Credit Suisse upgraded AK Steel (NYSE: AKS) from an Underperform rating to an Outperform rating.

Shares of Helios and Matheson Analytics (Nasdaq: HMNY) surged for the third straight day.


On the downside


VeriFone Systems (NYSE: PAY) disappointed with lower second quarter earnings that fell short of expectations, forecast current quarter as well as full year results below estimates and announced plans to cut jobs.


Ardmore Shipping (NYSE: ASC) priced its public offering of common stock at the discounted price of $8.90 per share.


Flexion Therapeutics (Nasdaq: FLXN) priced its public offering of common stock at the discounted price of $15 per share.

In the broad market, advancing issues outpaced decliners by a margin of nearly 5 to 2 on the NYSE and by a margin of nearly 5 to 4 on Nasdaq. The broader S&P 500 gained 6 points to 2,118. Bitcoin added $2 to $572.

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