Higher open as energy costs tumble

The markets opened higher with the Dow gaining 64 points to 21,299 as energy costs tumbled in May. Nasdaq climbed 37 points to 6,212.


On the upside


WPX Energy (NYSE: WPX) formed a joint venture with Howard Energy Partners to develop crude oil and natural gas gathering and processing infrastructure in the core of the Delaware Basin.


Commercial Metals (NYSE: CMC) will exit its International Marketing and Distribution Segment by selling its CMC Cometals division.


Macquarie Research affirmed its Outperform rating on Micron Technology (Nasdaq: MU).


On the downside


Cheesecake Factory (Nasdaq: CAKE) cut its second quarter guidance.


pSivida (Nasdaq: PSDV) reported positive results from its second Phase 3 trial of Durasert three year treatment for posterior segment uveitis but the stock price fell.

Shares of Pandora Media (NYSE: P) extended its losses.


In the broad market, advancing issues outpaced decliners by a margin of more than 5 to 3 on both the NYSE and on Nasdaq. The broader S&P 500 gained 7 points to 2,436. Bitcoin climbed $69 to $2716.


Data & News supplied by www.cloudquote.io
Stock quotes supplied by Barchart
Quotes delayed at least 20 minutes.
By accessing this page, you agree to the following
Privacy Policy and Terms and Conditions.