The markets traded in positive territory during the midday with the Dow gaining 36 points to 17,537 as investors await the Federal Reserve's rate decision. Nasdaq rose 9 points to 4,779.
On the upside
Shares of Cellectar Biosciences (Nasdaq: CLRB) continued climbing.
C-III Capital Partners will pay a premium of approximately $207 million in cash to buy Resource America (Nasdaq: REXI).
Shanda Group acquired an 11.7% stake in LendingClub (NYSE: LC).
On the downside
KLX (Nasdaq: KLXI) disappointed with lower first quarter earnings and revenue.
Tribune Publishing (NYSE: TPUB) rejected Gannett's increased acquisition offer and accepted a $70.5 million investment from Nant Capital.
CaesarStone Sdot-Yam (Nasdaq: CSTE) chief executive Yos Shiran resigned.
In the broad market, advancing issues outpaced decliners by a margin of nearly 3 to 2 on the NYSE and by nearly 5 to 3 on Nasdaq. The broader S&P 500 held steady at 2,052. Bitcoin gained $4 to $443.
Markets trade in positive territory
May 23, 2016 at 15:09 PM EDT
