Gain In Retail Sales Lifts Markets

March retail sales increased more than expected to lift the markets to a higher open with the Dow climbing 80 points to 16,106. Nasdaq gained 17 points to 4016.

On the upside

Goodrich Petroleum (NYSE: GDP) completed its Blades 33H-1 well in Tangipahoa Parish, Louisiana with a peak production rate to 1,270 barrels of oil equivalent per day.

A federal court ordered a preliminary injunction that limits sales of Medtronic's (NYSE: MDT) CoreValve system because CoreValve willfully infringed on an Edwards Lifesciences (NYSE: EW) patent.

WebMD Health (Nasdaq: WBMD) expects first quarter earnings to top its previous forecast.

On the downside

Reuters reported that Goldman Sachs and Morgan Stanley would coordinate the equity offering of National Bank of Greece (NYSE: NBG) to cover a 2.18 billion euro capital shortfall.

Antero Resources (NYSE: AR) provided an operations update for the first quarter.

Highpower International (Nasdaq: HPJ) announced a registered direct offering of 1 million common shares at the discounted price of $5.05 per share to several institutional investors.

In the broad market, advancing issues outpaced decliners by a margin of more than 3 to 1 on the NYSE and by nearly 5 to 2 on Nasdaq. The broader S&P 500 gained 9 points to 1824. Bitcoin climbed $43.32 or 10.70% to $448.10.

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