The Dow Gained 66 Points, Nasdaq Adds 19

May 25, 2007 4:36 PM EDT

The Dow gained 66.15 points to close at 13,507.28, the Nasdaq added 19.27 points to close at 2,557.19, and the S&P 500 added 8.22 points to close at 1,515.73. Oil gained $1.02 a barrel to close at $65.20.

Volume was modest with 2.35 billion shares trading on the NYSE and 1.56 billion trading on the Nasdaq. Advancers topped Decliners by a margin of 22:10 on the NYSE and 20:11 on the Nasdaq.

In individual stories, The Bombay Company, Inc. (NYSE: BBA) jumped 59% after announcing it has entered into an agreement for a new $10 million, secured term loan facility with a fund managed by GB Merchant Partners, LLC. The facility is coterminous with the Company's existing $125 million secured revolving credit facility with GE Commercial Finance, Corporate Lending and was arranged by GE Capital Markets, Inc. as Sole Lead Arranger. The new facility will provide incremental liquidity to fund working capital requirements and other corporate needs. The Company also noted that William Blair & Company, engaged by the Board of Directors, to investigate strategic alternatives, has received non binding offers to purchase the Company at prices that are premiums to yesterday's closing price. Iomai Corp (Nasdaq: IOMI) fell 40% after announcing interim results from a Phase 1 clinical trial of its patch-based vaccine for seasonal influenza. The trial showed that Iomai's vaccine patch stimulated an immune response to each of the three antigens in a dose-dependent manner. HOWEVER, results show that the injected vaccine prompted a greater immune response compared with the patch vaccine.

Monday the markets will be closed for Memorial Day.

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