The markets opened higher with the Dow climbing 99 points to 10,850 after the Bank of Japan lowered its key interest rate. Nasdaq gained 32 points to 2376.
On the upside
Celldex (Nasdaq: CLDX) reported positive results from a clinical trial of its cancer vaccine CDX-1401.
Televisa (NYSE: TV), the largest media company in the Spanish-speaking world, extended its strategic relationship with the most-watched Spanish language media company in the United States, Univision, with a $1.2 billion investment for a 5% stake in the company and an expanded program license agreement.
MEMC Electronic Materials (NYSE: WFR) will sell its 70-megawatt Rovigo, Italy solar plant to private equity firm First Reserve for approximately $378 million.
On the downside
Talbots (NYSE: TLB) blamed inconsistent customer traffic for cutting its third quarter as well as its full year revenue guidance. The women's apparel retailer also announced the closing of between 75 to 100 stores in the next three years.
Iron Mountain (NYSE: IRM) increased its stock repurchase plan by $200 million.
FBR Capital analyst Scott Valentin trimmed his price target for American Express (NYSE: AXP) after the company vowed to fight allegations of anticompetitive practices by the Department of Justice.
In the broad market, advancing issues outpaced decliners by a margin of 7 to 2 on the NYSE and by more than 3 to 1 on Nasdaq.
