The nation's consumer price index rose 0.2% in November to lift the markets to a higher open with the Dow soaring 106 points to 19,899. Nasdaq gained 28 points to 5,465.
On the upside
Pier 1 Imports (NYSE: PIR) reported higher third quarter earnings that topped analyst estimates and appointed Terry E. London to the position of interim president and chief executive effective January 1, 2017.
Athenahealth (Nasdaq: ATHN) reaffirmed its guidance for 2016 and forecast upbeat results for 2017.
B.O.S. Better Online Solutions (Nasdaq: BOSC) received a $1.6 million order for electronic components from an Indian electronics manufacturer.
On the downside
F. Hoffman-La Roche terminated its development, commercialization and license agreement with Pacific Biosciences (Nasdaq: PACB).
Ocean Rig (Nasdaq: ORIG) disappointed with sharply lower third quarter earnings that fell short of analyst expectations.
Gulfport Energy (Nasdaq: GPOR) announced a public offering of 29 million common shares and a $600 million senior notes offering.
In the broad market, declining issues outpaced advancers by a margin of 10 to 9 on the NYSE while advancers edged out decliners by 9 to 7 on Nasdaq. The broader S&P 500 index gained 11 points to 2,265. Bitcoin added $2 to $774.
