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Mixed Open As Consumer Prices Rise

The markets opened mixed with the Dow adding 3 points to 16,177 while Nasdaq fell 17 points to 4004 as consumer prices rose more than expected in March. 

On the upside 

Micron Technology (Nasdaq: MU) and Wave Systems (Nasdaq: WAVX) expanded their partnership to improve protection against emerging threats to connected devices.

Highpower International (Nasdaq: HPJ) will supply Sony with battery products.

FX Energy (Nasdaq: FXEN) reported sample core data that exceeded its expectations at the Tuchola-4K well and will run a drill stem test of the additional 70 meter open interval that was drilled.

On the downside

Dilutions concerns weighed down shares of National Bank of Greece (NYSE: NBG).

Aaron’s (NYSE: AAN) will pay approximately $700 million in cash to acquire Progressive Finance Holdings and has rejected a $30.50 per share acquisition offer from Vintage Capital Management.

Infosys (NYSE: INFY) reported higher fourth quarter earnings but revenue fell short of expectations.

In the broad market, advancing issues outpaced decliners by a margin of nearly 5 to 3 on both the NYSE and on Nasdaq. The broader S&P 500 added a point to 1831. Bitcoin gained $35.90 or 7.87% to $492.00.

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