The markets advanced during the midday with the Dow soaring 90 points to 16,575 even as crude oil prices slipped. Nasdaq rose 3 points to 4,546.
On the upside
Vivint Solar (NYSE: VSLR) shareholders approved plans to be acquired by SunEdison (NYSE: SUNE).
KEYW Holding (Nasdaq: KEYW) narrowed fourth quarter losses more than expected as revenue rose.
Dynegy (NYSE: DYN) formed a joint venture with Energy Capital Partners to acquire ENGIE’s United States fossil portfolio.
On the downside
Citigroup downgraded C&J Energy (NYSE: CJES) yesterday from a Buy rating to a Neutral rating.
Unit (NYSE: UNT) widened fourth quarter losses significantly as revenue plunged.
PHH (NYSE: PHH) widened losses for the fourth quarter on lower revenue.
In the broad market, advancing issues outpaced decliners by a margin of more than 9 to 7 on the NYSE while decliners edged out advancers by 5 to 4 on Nasdaq. The broader S&P 500 rose 5 points to 1,935. Bitcoin slipped $1 to $422.
