Higher Open Over Job Growth

Strong jobs growth in March lifted the markets to a higher open with the Dow rising 34 points to 16,606. Nasdaq edged up a point to 4239.

On the upside

China Finance Online (Nasdaq: JRJC) swung to a profit for the fourth quarter as revenue surged.

Genco Shipping & Trading (NYSE: GNK) reached a restructuring agreement with certain lenders.

J.P. Morgan upgraded Andarko Petroleum (NYSE: APC) to an Overweight rating.

On the downside

Halozyme Therapeutics (Nasdaq: HALO) temporarily halted enrollment in a Phase 2 clinical trial of its pancreatic cancer treatment PEGPH20.

Western Asset Mortgage Capital (NYSE: WMC) priced its public offering of 13 million common shares at the discounted price of $14.85 per share.

Ocean Power Technologies (Nasdaq: OPTT) priced its offering of 3.8 million common shares at the discounted price of $3.10 per share.

In the broad market, advancing issues outpaced decliners by a margin of nearly 5 to 2 on the NYSE and by nearly 10 to 9 on Nasdaq. The broader S&P 500 rose 6 points to 1894. Bitcoin eased $1.22 or 0.27% to $444.53.

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