Optimism For Cyprus Deal Lifts Markets

Optimism that a bailout deal will be approved in Cyprus lifted the markets to a sharply higher close with the Dow climbing 90 points to 14,512. Nasdaq gained 22 points to 3245.

On the upside

A Seeking Alpha contributor expects Rockwell Medical (Nasdaq: RMTI) to report positive results from a Phase III study of its iron deficiency treatment Soluble Ferric Pyrophosphate in July.


Diana Shipping (NYSE: DSX) filed its 2012 Annual Report on Form 20-F today.

Nordic American Tankers (NYSE: NAT) continued rising after announcing the acquisition of a double-hull Suezmax tanker after market close on Wednesday.


On the downside


A disappointing launch of the BlackBerry (Nasdaq: BBRY) Z10 sent shares of the smartphone maker tumbling.


AK Steel (NYSE: AKS) warned that it will ship sequentially lower tons of steel in the first quarter.


The Committee for Medicinal Products for Human Use of the European Medicines Agency maintained its negative opinion on Isis Pharmaceuticals' (NYSE: ISIS) Homozygous Familial Hypercholesterolaemia treatment KYNAMRO.

In the broad market, advancing issues outpaced decliners by a margin of more than 5 to 3 on the NYSE and by more than 7 to 5 on Nasdaq. The broader S&P 500 index climbed 11 points to 1556.

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