Closing Bell Report

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

Emcore (Nasdaq: EMKR) will pay $85 million to acquire Intel's (Nasdaq: INTC) telecom assets from the optical platform division.

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.

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