Markets Advance Ahead Of Fed Minutes Release

The markets advanced during the midday with the Dow climbing 79 points to 16,335 ahead of the release of minutes from the Federal Reserve's March meeting. Nasdaq soared 39 points to 4152.

On the upside

Shares of iKang Healthcare Group (Nasdaq: KANG) climbed in its market debut.

Wells Fargo upgraded Gray Television (NYSE: GTN) from a Market Perform rating to an Outperform rating and lifted its price target from $13 to $15.

Athlon Energy (NYSE: ATHL) paid $973 million in cash for 23,500 acres of property in the northern Midland Basin.

On the downside

UBS downgraded Walter Energy (NYSE: WLT) from a Neutral rating to a Sell rating and cut its price target from $8 to $5.

Intuitive Surgical (Nasdaq: ISRG) warned of lower first quarter revenue.

Barclays cut its price target on Diamond Offshore Drilling (NYSE: DO) yesterday from $64 to $52.

In the broad market, advancing issues outpaced decliners by a margin of nearly 5 to 3 on the NYSE and by nearly 9 to 5 on Nasdaq. The broader S&P 500 gained 8 points to 1860. Bitcoin slipped $5.93 or 1.33% to $441.57.

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