Higher Open Ahead Of Fed Meeting

The market opened higher with the Dow climbing 73 points to 15,253 as the Federal Reserve's two-day policy-setting meeting begins today. Nasdaq gained 15 points to 3467.

On the upside

Cytokinetics (Nasdaq: CYTK) will present results from a Phase IIb clinical trial of omecamtiv mecarbil during a Hot Line Late Breaking Trials Session at the European Society of Cardiology Congress 2013. Cytokinetics will also join the Russell Global Index on June 28, 2013.

Gevo (Nasdaq: GEVO) resumed commercial production of isobutanol at its facility in Minnesota.

Bargain hunters snapped up shares of Walter Energy (NYSE: WLT).


On the downside


Ship Finance International (NYSE: SFL) priced its public offering of 8 million common shares but did not disclose the price.


New Mountain Finance (NYSE: NMFC) priced its primary offering of 2 million common shares and secondary offering of 4 million common shares at the discounted price of $14.55.


Motley Fool expects MannKind's (Nasdaq: MNKD) stock price to retreat.

In the broad market, advancing issues outpaced decliners by a margin of nearly 10 to 9 on the NYSE and by nearly 5 to 3 on Nasdaq. The broader S&P 500 index rose 5 points to 1644.

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