Higher Open As Imports In China Soar

The markets opened higher with the Dow climbing 78 points to 14,751 as imports surged in China. Nasdaq soared 34 points to 3272.

On the upside

Shares of Alcatel-Lucent (NYSE: ALU) continued rising after announcing record data transmission of 400 Gbps over a live network yesterday.

Shares of Taylor Morrison (NYSE: TMHC) surged on its first trading day.

A Seeking Alpha contributor highlighted the blockbuster potential of MannKind's (Nasdaq: MNKD) Afrezza if the Food and Drug Administration approves the inhalable insulin product next year.

On the downside

Health Management Associates (NYSE: HMA) reported preliminary first quarter earnings and revenue that fell far short of analyst expectations prompting the hospital operator to cut its full year guidance.

Titan Machinary (Nasdaq: TITN) disappointed with lower fourth quarter earnings that missed expectations and forecast 2014 results below estimates.

Resource Capital (NYSE: RSO) priced its public offering of 16.25 million common shares at the discounted price of $6.33 per share.

In the broad market, advancing issues outpaced decliners by a margin of more than 5 to 2 on the NYSE and by more than 3 to 1 on Nasdaq. The broader S&P 500 index climbed 10 points to 1578.

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