March 19, 2013 at 10:42 AM EDT
Higher Open As Housing Starts Rise

February housing starts rose 0.8% to lift the markets to a higher open with the Dow gaining 50 points to 14,502. Nasdaq rose 10 points to 3247.

On the upside

AmerisourceBergen (NYSE: ABC) entered a ten-year distribution contract with Walgreen (NYSE: WAG).


NPS Pharmaceuticals (Nasdaq: NPSP) paid $50 million in stock to repurchase the worldwide rights to teduglutide and recombinant human parathyroid hormone 1-84 from Takeda Pharmaceutical.

An increase in February housing starts lifted shares of Hovnanian Enterprises (NYSE: HOV).


On the downside


Affymax (Nasdaq: AFFY) will eliminate 75% of its jobs due to the recall of its anemia treatment Omontys and may explore the possibility of a sale or file for bankruptcy protection.


Harvest Natural Resources (NYSE: HNR) may have to restate financial results for the past three years due to accounting errors and the company warned of losses for 2012.


Hospital Properties Trust (NYSE: HPT) priced its offering of 14 million common shares at the discounted price of $25.55 per share.

In the broad market, advancing issues outpaced decliners by a margin of nearly 5 to 3 on the NYSE and by more than 5 to 3 on Nasdaq. The broader S&P 500 index added 3 points to 1555.

Stock Market XML and JSON Data API provided by FinancialContent Services, Inc.
Nasdaq quotes delayed at least 15 minutes, all others at least 20 minutes.
Markets are closed on certain holidays. Stock Market Holiday List
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
Postage Rates Bots go here