The markets closed higher with the Dow rising 18 points to 18,419 on a better than expected jobless claims report. Nasdaq added 13 points to 5,227.
On the upside
Highpower International (Nasdaq: HPJ) subsidiary Hong Kong Highpower Technology entered a framework agreement under which Anshan Co-operation would purchase newly issued shares of Highpower International subsidiaries in China.
Impinj (Nasdaq: PI) reported a smaller than expected loss in its first quarterly report as a publicly traded company.
Oxford Industries (NYSE: OXM) swung to a greater than expected profit for the second quarter.
On the downside
Shares of Yirendai (NYSE: YRD) tumbled for the third day.
Cytokinetics (Nasdaq: CYTK) and Amgen (Nasdaq: AMGN) will proceed with Phase 3 clinical development of omecamtiv mecarbil to treat chronic heart failure patients but their stock prices fell.
Petrobras (NYSE: PBR) cancelled a drilling contract with Diamond Offshore Drilling (NYSE: DO) two years before the termination date.
In the broad market, declining issues outpaced advancers by a margin of nearly 10 to 9 on the NYSE while advancers edged out decliners by more than 10 to 9 on Nasdaq. The broader S&P 500 held steady at 2,170. Bitcoin slipped $1 to $572.
