Surge In Job Openings Lifts Markets

A surge in February job openings to a six year high lifted the markets during the midday with the Dow rising 16 points to 16,261. Nasdaq gained 30 points to 4109.

On the upside

China Ming Yang Wind Power (NYSE: MY) fell to a loss for the fourth quarter but China is expected to increase wind power capacity.

Credit Suisse upgraded Vipshop Holdings (NYSE: VIPS) from a Neutral rating to an Outperform rating.

Tiger Global Management increased its stake in 58.com (NYSE: WUBA) to 6.5%.

On the downside

Rovi (Nasdaq: ROVI) lost its appeal to overturn a lower court's ruling that Amazon (Nasdaq: AMZN) did not infringe on two Rovi patents.

InterCloud (Nasdaq: ICLD) widened fourth quarter losses.

Ohr Pharmaceutical (Nasdaq: OHRP) announced a registered direct offering of 1.8 million common shares at the discounted price of $10 per share.

In the broad market, advancing issues outpaced decliners by a margin of more than 2 to 1 on the NYSE and by 7 to 3 on Nasdaq. The broader S&P 500 rose 5 points to 1850. Bitcoin added $3.17 or 0.71% to $451.43.

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