The Dow Gained 68 Points, Nasdaq Adds 21
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The Dow gained 68.34 points to close at 12552.96, the Nasdaq added 21.01 points to close at 2,480.32,
and the S&P 500 added 8.93 points to close at 1,447.80. Separately, Oil gained $1.84 to close at $63.85.
Volume was modest with 2.84 billion shares trading on the NYSE and 1.97 billion trading on the Nasdaq.
Decliners topped Advancers by a margin of 21:11 on the NYSE and 19:11 on the Nasdaq.
In individual stories, Mobius Management Systems (Nasdaq: MOBI) gained 31.6% after entering into a definitive merger agreement under which Allen Systems Group has agreed to acquire Mobius for $10.05 per share in cash. ECtel Ltd. (NASDAQ: ECTX) fell 29% after announcing its preliminary results for the first quarter of 2007. Revenues for the first quarter of 2007 are expected to be in the range of $ 3.4-3.6 million. The revenue level in the quarter was lower than the Company's internal work plan. This follows slower than anticipated orders, mainly from countries within the Former Soviet Union, carried out through the Company's exclusive reseller in said region as well as a delay in a large order from a long standing European customer.
Tomorrow, investors will be looking for earnings from General Electric (NYSE: GE) and Infosys (Nasdaq: INFY).
Also, traders will be looking for economic data on February Trade Balance, PPI & Core PPI (8:30AM EST), and University of Michigan April Consumer Sentiment (10:00AM EST).
and the S&P 500 added 8.93 points to close at 1,447.80. Separately, Oil gained $1.84 to close at $63.85.
Volume was modest with 2.84 billion shares trading on the NYSE and 1.97 billion trading on the Nasdaq.
Decliners topped Advancers by a margin of 21:11 on the NYSE and 19:11 on the Nasdaq.
In individual stories, Mobius Management Systems (Nasdaq: MOBI) gained 31.6% after entering into a definitive merger agreement under which Allen Systems Group has agreed to acquire Mobius for $10.05 per share in cash. ECtel Ltd. (NASDAQ: ECTX) fell 29% after announcing its preliminary results for the first quarter of 2007. Revenues for the first quarter of 2007 are expected to be in the range of $ 3.4-3.6 million. The revenue level in the quarter was lower than the Company's internal work plan. This follows slower than anticipated orders, mainly from countries within the Former Soviet Union, carried out through the Company's exclusive reseller in said region as well as a delay in a large order from a long standing European customer.
Tomorrow, investors will be looking for earnings from General Electric (NYSE: GE) and Infosys (Nasdaq: INFY).
Also, traders will be looking for economic data on February Trade Balance, PPI & Core PPI (8:30AM EST), and University of Michigan April Consumer Sentiment (10:00AM EST).
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