Record Day For Dow, S&P 500

The Dow closed above the 15,000 mark for the first time by climbing 87 points to 15,056. Nasdaq rose 3 points to 3396.

On the upside

The Drug Enforcement Agency classified Arena Pharmaceuticals' (Nasdaq: ARNA) obesity treatment Belviq a Schedule IV drug, the second least restrictive designation. Belviq will be available by prescription in thirty days and Eisai will make a $65 million milestone payment to Arena.


Magnum Hunter (NYSE: MHR) subsidiary Alpha Hunter Drilling acquired a Schramm T500XD drilling rig for its Utica wells.


Insulet (Nasdaq: PODD) narrowed first quarter losses more than expected as revenue climbed.


On the downside


BMO Capital Markets downgraded Synta Pharmaceuticals (Nasdaq: SNTA) from an Outperform rating to a Market Perform rating and slashed its price target from $18 to $9.


Profit taking sank shares of Genco Shipping (NYSE: GNK).


Vitamin Shoppe (NYSE: VSI) reported higher first quarter earnings and revenue but the company trimmed its full year guidance.

In the broad market, advancing issues outpaced decliners by a margin of more than 5 to 2 on the NYSE and by 5 to 3 on Nasdaq. The broader S&P 500 index gained 8 points to 1625.

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