The markets closed higher with the Dow climbing 69 points to 20,728 on an upbeat GDP report. Nasdaq gained 16 points to 5,914.
On the upside
William Blair initiated coverage of Athersys (Nasdaq: ATHX) with an Outperform rating.
LightPath Technologies (Nasdaq: LPTH) added glass manufacturing capabilities as part of its vertical integration strategy.
Stage Stores (NYSE: SSI) will acquire select assets of Gordmans Stores.
On the downside
Tonix Pharmaceuticals (Nasdaq: TNXP) priced its public offering of 1.8 million common shares at the discounted price of $4.45 per share.
Fourth quarter earnings for Science Applications International (NYSE: SAIC) fell short of expectations.
Enrollment in the SWOG Phase 1b/2 study evaluating Halozyme Therapeutics' (Nasdaq: HALO) PEGPH20 plus modified FOLFIRINOX chemotherapy compared with modified FOLFIRINOX alone in patients with previously untreated metastatic pancreatic cancer has been temporarily halted.
In the broad market, advancing issues outpaced decliners by a margin of 3 to 2 on the NYSE and by more than 7 to 5 on Nasdaq. The broader S&P 500 index gained 6 points to 2,368. Bitcoin fell $11 to $1032.
