The European Central Bank's loan of $500 million lifted the markets to a higher close with the Dow gaining 65 points to 13,232. Nasdaq climbed 22 points to 2596.
On the upside
DreamWorks Animation (NYSE: DWA) announced a plan to repurchase up to $150 million of common stock.
Valassis Communications (NYSE: VCI) lifted its full year forecast as cost saving measures improve profit margins.
On the downside
Superconductor Technologies (Nasdaq: SCON) filed a shelf registration to sell up to $80 million in preferred and common shares.
Shaw Group (NYSE: SGR) chairman and chief executive James M. Bernhard Jr. sold 113,340 shares of common stock.
Although FactSet Research Systems (NYSE: FDS) reported higher first quarter earnings, the results merely met expectations sending the stock price tumbling.
In the broad market, advancing issues outpaced decliners by a margin of nearly 5 toleaped 15 to 754.