The markets opened higher with the Dow rising 35 points to 17,287 even as existing home sales fell in November. Nasdaq added 11 points to 4,980.
On the upside
pSivida (Nasdaq: PSDV) reported positive results from a Phase 3 clinical trial of its eye disease treatment Medidur.
Dominion Diamond (NYSE: DDC) said that it looked forward to meeting with a group of investors including The K2 Principal Fund to discuss its beneficial owners.
RBC Capital Markets initiated coverage of Sorrento Therapeutics (Nasdaq: SRNE) with an Outperform rating.
On the downside
Steelcase (NYSE: SCS) reported third quarter earnings and revenue that fell short of analyst expectations and forecast current quarter results below estimates.
Appaloosa Management asked to review the finances of TerraForm Power (Nasdaq: TERP). Shares of parent company SunEdison (NYSE: SUNE) also fell.
NetApp (Nasdaq: NTAP) will pay approximately $870 million in cash to acquire SolidFire prompting a downgrade.
In the broad market, advancing issues outpaced decliners by a margin of nearly 5 to 4 on the NYSE while decliners edged out advancers by nearly 5 to 3 on Nasdaq. The broader S&P 500 added 2 points to 2,023. Bitcoin held steady at $435.
