March 22, 2013 at 10:43 AM EDT
Cyrpus Deal Near, Markets Open Higher

The markets opened higher with the Dow climbing 76 points to 14,498 as Cyrpus announced that a deal was near to secure bailout funds. Nasdaq gained 15 points to 3237.

On the upside

Micron Technology (Nasdaq: MU) reported a loss for the second quarter but the results were better than expected.


Third quarter earnings soared for Nike (NYSE: NKE) to beat analyst expectations.

Anacor Pharmaceuticals (Nasdaq: ANAC) reported positive results from a midstage clinical trial of its atopic dermatitis treatment AN2728.


On the downside


Tibco Software (Nasdaq: TIBX) reported sharply lower first quarter earnings as revenue fell short of expectations.


Arbor Realty Trust (NYSE: ABR) priced its offering of 5.625 million common shares at the discounted price of $8 per share.


Nomura downgraded Informatica (NYSE: INFA) to a Neutral rating.

In the broad market, advancing issues outpaced decliners by a margin of nearly 7 to 3 on the NYSE and by more than 5 to 3 on Nasdaq. The broader S&P 500 index gained 8 points to 1554.

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