Markets close higher even a consumer prices rise

Consumer prices rose in May but not enough for the Federal Reserve to increase interest rates. The markets closed higher with the Dow gaining 27 points to 16,808. Nasdaq rose 16 points to 4,337.

On the upside

Quantum Fuel Systems Technologies (Nasdaq: QTWW) received an order from Dillion Transport for the company's Back-of-Cab Fuel Storage System.

Real Goods Solar (Nasdaq: RGSE) subsidiary Sunetric deployed a solar-to-grid curtailment solution in Kauai.

Bloomberg reported that Oracle (Nasdaq: ORCL) may offer more than $5 billion to purchase Micros Systems (Nasdaq: MCRS).

On the downside

Prescience Point Research Group alleged that Chicago Bridge & Iron (NYSE: CBI) inflated its profits.

Investors locked in profits on Access Midstream Partners (NYSE: ACMP).

Mechel (NYSE: MTL) will consolidate shipments within its Mecheltrans subsidiary to save money but the stock price fell.

In the broad market, advancing issues outpaced decliners by a margin of nearly 5 to 3 on the NYSE and by nearly 7 to 3 on Nasdaq. The broader S&P 500 gained 4 points to 1941. Bitcoin rose $11.14 or 1.84% to $604.34.

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