The markets advanced during the midday with the Dow surging 102 points to 16,685 on merger news. Nasdaq soared 61 points to 4,133.
On the upside
Tesaro (Nasdaq: TSRO) reported positive results from a Phase 3 clinical trial of its chemotherapy induced nausea and vomiting treatment rolapitant.
Doral Financial (NYSE: DRL) requested a refund from Puerto Rico for more than $229 million in tax over payments.
Capstone Turbine (Nasdaq: CPST) named Richard B. Lewis to the position of vice president of operations.
On the downside
Neonode (Nasdaq: NEON) widened first quarter losses more than expected.
Highpower International (Nasdaq: HPJ) widened losses for the first quarter even as revenue rose.
Bridgepoint Education (NYSE: BPI) reported a preliminary first quarter loss that was greater than expected and announced that the company would not be able to file its quarterly report on time.
In the broad market, advancing issues outpaced decliners by a margin of nearly 7 to 2 on the NYSE and by nearly 4 to 1 on Nasdaq. The broader S&P 500 climbed 15 points to 1894. Bitcoin rose $3.30 or 0.75% to $438.90.
