FinancialContent is the trusted provider of stock market information to the media industry.
Trade Deficit Narrows, Markets Open Higher

The nation's trade deficit narrowed in February by 12.4% to $46 billion lifting the markets to a higher open with the Dow gaining 83 points to 12,888. Nasdaq climbed 23 points to 3040.

On the upside

DryShips (Nasdaq: DRYS) increased its public offering of Ocean Rig (Nasdaq: ORIG) common stock to 10 million shares priced at $16.25 per share.

Gartner reported that personal computer sales rose 1.9% from last year with Hewlett-Packard (NYSE: HPQ) increasing its market share to 17.2% from 16.9%.

The Department of Veterans Affairs renewed its contract with McKesson (NYSE: MCK) to provide pharmaceutical supplies for two more years.

On the downside

Societe Generale downgraded Nokia (NYSE: NOK) to a Hold rating.

Rite Aid (NYSE: RAD) narrowed fourth quarter losses but the retail drugstore chain forecast losses for 2013.

Amazon's (Nasdaq: AMZN) decision to lower e-book prices weighed down shares of brick and mortar bookstore Barnes & Noble (NYSE: BKS).

In the broad market, advancing issues outpaced decliners by a margin of more than 5 to 2 on the NYSE and by nearly 2 to 1 on Nasdaq. The Russell 2000 which tracks small cap stocks gained 5 points to 801.

Stock Market JSON API provided by
Nasdaq quotes delayed at least 15 minutes, all others at least 20 minutes.
By accessing this page, you agree to the following
Privacy Policy and Terms and Conditions.
Press Release Service provided by PRConnect.
Stock quotes supplied by Six Financial
Financial Widgets

Display market data, financial news or stock quotes - Learn More

Advertising Network

Advertise on FinancialContent's huge network - Learn More

Web Services

Power your internet and wireless applications - Learn More