The markets closed higher with the Dow gaining 59 points to 16,979 even as the Federal Reserve minutes indicated that the agency may soon increase interest rate. Nasdaq eased a point to 4526.
On the upside
Infineon will pay approximately $3 billion in cash to acquire International Rectifier (NYSE: IRF).
Shares of China Finance Online (Nasdaq: JRJC) continued soaring.
Pernix Therapeutics (Nasdaq: PTX) completed its acquisition of Treximet from GlaxoSmithKline and updated its 2014 and 2015 full year guidance.
On the downside
Noranda Aluminum (NYSE: NOR) extended its losses.
Noah Holdings (NYSE: NOAH) reported higher second quarter earnings and revenue but margins fell.
Mad Money's Jim Cramer suggested that investors avoid FuelCell Energy (Nasdaq: FCEL).
In the broad market, advancing issues outpaced decliners by a margin of more than 10 to 9 on the NYSE while decliners edged out advancers by nearly 3 to 2 on Nasdaq. The broader S&P 500 rose 4 points to 1986. Bitcoin gained $37 to $517.