The markets opened higher with the Dow gaining 45 points to 15,540 as consumer prices edged up a smaller than expected 0.1% in August. Nasdaq rose 11 points to 3729.
On the upside
Private equity firm Sycamore Partners acquired an 8% stake in Aeropostale (NYSE: ARO).
The European Commission granted marketing authorization to Dendreon (Nasdaq: DNDN) for its prostate cancer treatment Provenge.
Repros Therapeutics (NYSE: RPRX) reported upbeat preliminary results from a safety study of its secondary hypogonadism treatment Androxal.
On the downside
Pandora Media (NYSE: P) will raise capital through an offering of 10 million common shares.
Outerwall (Nasdaq: OUTR) blamed weak DVD rentals for cutting its third quarter and full year guidance.
Investors locked in profits on Omeros (Nasdaq: OMER).
In the broad market, advancing issues outpaced decliners by a margin of more than 5 to 3 on the NYSE and by nearly 10 to 9 on Nasdaq. The broader S&P 500 added 4 points to 1702.
