An upward revision of the nation’s gross domestic product in the fourth quarter lifted the markets to a higher open with the Dow adding 12 points to 16,709. Nasdaq gained 10 points to 4,592.
On the upside
A Delaware court will allow TerraForm to purchase certain assets from SunEdison (NYSE: SUNE) as part of SunEdison’s acquisition of Vivint Solar (Nasdaq: VSLR).
Fourth quarter revenue surged for Scientific Games (Nasdaq: SGMS).
Herbalife (NYSE: HLF) reported better than expected results for the fourth quarter.
On the downside
Republic Airways Holdings (Nasdaq: RJET) filed for Chapter 11 bankruptcy protection.
Peregrine Pharmaceuticals (Nasdaq: PPHM) ended a Phase III SUNRISE trial of bavituximab in patients with previously treated locally advanced or metastatic non-squamous non-small cell lung cancer.
Weight Watchers (NYSE: WTW) fell to a greater than expected loss for the fourth quarter.
In the broad market, advancing issues outpaced decliners by a margin of 3 to 1 on the NYSE and by nearly 5 to 2 on Nasdaq. The broader S&P 500 rose 4 points to 1,955. Bitcoin added $2 to $425.
