MARKET PULSE-Catalyst, Sonic, Rackspace, G-III Apparel, Halozyme

Tue Mar 25, 2014 10:08am EDT
 
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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. stocks rose at the open on Tuesday, following two days of declines in major indexes, with gains in the energy and healthcare sectors leading the advance. The Dow Jones industrial average was up 0.65 percent at 16,381.69, the S&P 500 was up 0.61 percent at 1,868.72 and the Nasdaq Composite was up 0.93 percent at 4,265.51.

** SONIC CORP, $23.2, +10.90 pct

The drive-in restaurant operator, on Monday, reported a better-than-expected second-quarter profit, helped by a 1.4 percent rise in its same-store sales.

At least four brokerages increased their price targets on the restaurant chain's stock.

** EXELIXIS INC, $6.43, +2.55 pct

The drug developer said the European Commission granted conditional approval to its cancer drug, Cometriq, as a treatment for patients with medullary thyroid cancer.

The company said its partner, Swedish Orphan Biovitrum , would support marketing of the drug in the European Union through the end of 2015.   Continued...