The markets advanced to close higher with the Dow gaining 58 points to 13,252 as first time applications for unemployment benefits dropped to a four year low. Nasdaq climbed 15 points to 3056.
On the upside
Shares of Amarin (Nasdaq: AMRN) continued rising over optimism that the biopharmaceutical's cardiovascular disease treatment AMR-101 will receive a patent and be approved by the Food and Drug Administration.
USG (NYSE: USG) commenced a $300 million cash tender offer for its outstanding 9.75% senior notes due 2014.
az magazine named US Airways (NYSE: LCC) one of the Top 25 Workplaces for Women.
On the downside
Flamel Technologies (Nasdaq: FLML) fell to a loss for the fourth quarter and announced that it will acquire Eclat Pharmaceuticals.
AmeriGas (NYSE: APU) will offer 7 million common units through a registered public offering.
Shares of Pacific Sunwear (Nasdaq: PSUN) continued falling after reporting a wider fourth quarter loss yesterday.
In the broad market, advancing issues outpaced decliners by a margin of 3 to 2 on the NYSE and by 2 to 1 on Nasdaq. The Russell 2000 which tracks small cap stocks climbed 8 points to 831.
