The markets closed higher with the Dow gaining 24 points to 17,829 after Federal Reserve chair Janet Yellen testified before Congress. Nasdaq rose 6 points to 4,843.
On the upside
OSI Systems (Nasdaq: OSIS) will pay a premium of approximately $269 million in cash to acquire American Science & Engineering (Nasdaq: ASEI).
Advanced Micro Devices (Nasdaq: AMD) received the Environmental Leader "Project of the Year" award for its AMD 25x20 Initiative for energy efficiency.
Immersion (Nasdaq: IMMR) introduced its TouchSense Design Cloud design toolkit.
On the downside
Shares of U.S. Steel (NYSE: X) and ArcelorMittal (NYSE: MT) fell after ActiveWallSt.com wrote that demand for steel and iron would remain weak until mid-August.
Nikesh Arora, the president and designated successor to chief executive Masayoshi Son of Sprint (NYSE: S) parent company SoftBank, will leave the company.
Shares of Swift Transportation (NYSE: SWFT) fell after rival Werner (Nasdaq: WERN) forecast disappointing earnings.
In the broad market, advancing issues outpaced decliners by a margin of 9 to 7 on the NYSE while decliners edged out advancers by more than 7 to 5 on Nasdaq. The broader S&P 500 rose 5 points to 2,088. Bitcoin gained $2 to $648.
