Upbeat earnings lifted the markets to a modestly higher close with the Dow rising 19 points to 14,567. Nasdaq climbed 27 points to 3233.
On the upside
Met-Pro (NYSE: MPR) will be acquired by CECO Environmental in a cash and stock deal valued at approximately $210 million.
UBS lifted its price target on Supervalu (NYSE: SVU) from $2.20 to $4.70.
Six Flags Entertainment (NYSE: SIX) narrowed first quarter losses as attendance surged.
On the downside
Profit taking sank shares of Desarrolladora Homex (NYSE: HXM).
JPMorgan Chase downgraded Wipro (NYSE: WIT) from an Overweight rating to a Neutral rating.
Glancy Binkow & Goldberg expanded the period of its class action lawsuit against ITT Educational Services (NYSE: ESI).
In the broad market, advancing issues outpaced decliners by a margin of 3 to 2 on the NYSE and by nearly 10 to 9 on Nasdaq. The broader S&P 500 index rose 7 points to 1562.
