December 24, 2013 at 09:42 AM EST
Santa Claus Rally Lifts Markets

The Santa Claus rally lifted the markets to a higher open with the Dow climbing 33 points to 16,327 even as retail sales dropped in the final week of shopping before Christmas. Nasdaq added 2 points to 4151.

On the upside

The Food and Drug Administration approved the pulmonary arterial hypertension treatment Orenitram that Supernus Pharmaceuticals (Nasdaq: SUPN) developed with United Therapeutics (Nasdaq: UTHR).

The National Highway Traffic Safety Administration reaffirmed the 5-star rating for Tesla's (Nasdaq: TSLA) Model S sedan for 2014.

DryShips (Nasdaq: DRYS) announced yesterday that its subsidiary Ocean Rig took delivery of its sixth newbuilding drillship.


On the downside


CalAmp (Nasdaq: CAMP) reported flat third quarter earnings and forecast current quarter results below expectations prompting a downgrade.

Canaccord lifted its price target on 3D Systems (NYSE: DDD) from $85 to $95 but the stock price dropped.

B. Riley downgraded Glu Mobile (Nasdaq: GLUU) from a Buy rating to a Neutral rating.

In the broad market, advancing issues outpaced decliners by a margin of more than 7 to 5 on the NYSE and by more than 9 to 7 on Nasdaq. The broader S&P 500 added 2 points to 1830. Bitcoin eased $1.68 or 0.24% to $690.12.

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