Upbeat Jobs Data Lifts Markets To Higher Open

The private sector created more jobs than expected in February to lift the markets to a higher open with the Dow rising 33 points to 12,792. Nasdaq gained 15 points to 2925.

On the upside

Nuance Communications (Nasdaq: NUAN) will pay approximately $300 million in cash to acquire Transcend Services (Nasdaq: TRCR).

Shares of Discovery Laboratories (Nasdaq: DSCO) continued climbing after the Food and Drug Administration approved the biotechnology firm's premature infant respiratory distress syndrome prevention drug Surfaxin yesterday.

Ciena (Nasdaq: CIEN) narrowed first quarter losses even as revenue fell.

On the downside

Raymond James downgraded Pandora Media (NYSE: P) after the online music service reported that its fourth quarter loss widened more than expected yesterday.

Santander Investment Securities downgraded Vale (Nasdaq: BVSN) to a Hold rating and removed the Brazilian mining company from a list of top mining sector picks.

Ladenburg Thalmann downgraded Vermillion (Nasdaq: VRML) to a Sell rating.

In the broad market, advancing issues outpaced decliners by a margin of nearly 7 to 3 on the NYSE and by more than 5 to 2 on Nasdaq. The Russell 2000 which tracks small cap stocks rose 3 points to 790.

Stock Market XML and JSON Data API provided by FinancialContent Services, Inc.
Nasdaq quotes delayed at least 15 minutes, all others at least 20 minutes.
Markets are closed on certain holidays. Stock Market Holiday List
By accessing this page, you agree to the following
Privacy Policy and Terms and Conditions.
Press Release Service provided by PRConnect.
Stock quotes supplied by Six Financial
Postage Rates Bots go here