MARKET PULSE-Chelsea, Bank of America, GM, ExOne, Datalink, Tesla

Wed Jan 15, 2014 9:50am EST
 
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(For more market insights, including options activity, click on ; for the Day Ahead newsletter link.reuters.com/mex49s; for the Morning News Call newsletter, link.reuters.com/nex49s) U.S. stock indexes edged up on Wednesday, with the S&P 500 building on its biggest gain in nearly a month, after strong data and earnings from Bank of America pointed to continued improvement in the economy. The Dow Jones industrial average was up 0.30 percent at 16,423.69, the S&P 500 was up 0.32 percent at 1,844.76 and the Nasdaq Composite was up 0.46 percent at 4202.72.

** CHELSEA THERAPEUTICS INTERNATIONAL LTD, $4.97, +116.09 pct

A drug to treat a rare form of low blood pressure made by Chelsea is effective enough to warrant regulatory approval, an advisory panel to the U.S. Food and Drug Administration concluded on Tuesday.

** BANK OF AMERICA CORP, $17.27, +2.98 pct

The second-largest U.S. bank reported a stronger-than-expected quarterly profit, driven by a steep fall in mortgage losses and provisions to cover bad loans.

** GENERAL MOTORS CO, $39.64, -0.95 pct

The No. 1 U.S. automaker's new executive team expects a slight uptick in pretax profits this year, but said margins likely will remain flat until 2015. A new management team led by Chief Executive Mary Barra and President Dan Ammann took the reins Wednesday, issuing a cautious outlook for the year ahead at a Deutsche Bank auto analyst conference.   Continued...