Higher Open On Lower Jobless Claims

A drop in first time applications for unemployment benefits lifted the markets to a higher open with the Dow gaining 65 points to 16,422. Nasdaq rose 11 points to 4167.

On the upside

Shares of DryShips (Nasdaq: DRYS) continued rising after taking delivery of a newbuilding drillship on Monday.

Bargain hunters lifted shares of 3D Systems (NYSE: DDD).

SuperCom (Nasdaq: SPCB) completed the acquisition of Smart ID from On Track Innovations (Nasdaq: OTIV).


On the downside


Oramed Pharmaceuticals (Nasdaq: ORMP) will sell 1.58 million common shares through a registered direct offering.

Goodrich Petroleum (NYSE: GDP) successfully fracture stimulated its Huff 18-7H-1 well in Amite County, Mississippi but the stock price fell.

Western Asset Mortgage Capital (NYSE: WMC) began trading ex-dividend today.

In the broad market, advancing issues outpaced decliners by a margin of more than 5 to 3 on the NYSE and by more than 2 to 1 on Nasdaq. The broader S&P 500 added 5 points to 1838. Bitcoin held steady at $684.90.

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