MARKET PULSE-NII Holdings, CME, Intermolecular, Varonis, Medivation

Fri Feb 28, 2014 1:20pm EST
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U.S. stocks rose on Friday as some positive economic data boosted the S&P 500 to record levels for a second straight day and put major indexes on track for strong gains in both the week and the month. The Dow Jones industrial average was up 0.72 percent at 16,390.5, the S&P 500 was up 0.69 percent at 1,867.14 and the Nasdaq Composite was up 0.40 percent at 4,336.24.


The loss-making television broadcaster has agreed a deal with its main shareholder Time Warner to raise new debt and issue share warrants to help cover the company's financing needs.

** NII HOLDINGS INC, $1.24, -51.84 pct

The telecom service provider lost more than half its market value after the company reported a 22 percent drop in quarterly revenue and forecast slower user growth in Mexico.

** INTERMOLECULAR INC, $2.86, -25.71 pct   Continued...