Markets higher as ECB begins bond buying

The markets opened higher with the Dow climbing 79 points to 17,935 as the European Central Bank began its bond buying program. Nasdaq rose 7 points to 4,934.

On the upside

Alcoa (NYSE: AA) will pay a premium of approximately $1.5 billion in stock to acquire RTI International Metals (NYSE: RTI).

The Wall Street Journal reported on Friday that Whiting Petroleum (NYSE: WLL) was selling itself.

RMG Networks (Nasdaq: RMGN) reported strong preliminary fourth quarter adjusted revenue.

On the downside

The Food and Drug Administration requested that AcelRx (Nasdaq: ACRX) conduct an additional clinical study for its pain medication Zalviso.

Bitauto (NYSE: BITA) reported higher fourth quarter earnings and revenue but the stock price fell.

Retreating crude oil prices weighed down shares of Chesapeake Energy (NYSE: CHK) and Petrobras (NYSE: PBR).

In the broad market, advancing issues outpaced decliners by a margin of more than 5 to 3 on the NYSE and by more than 7 to 5 on Nasdaq. The broader S&P 500 gained 5 points to 2076.
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