Weekly jobless claims hit a four year low last week at 351,000 according to the Labor Department. Most economists were expecting weekly jobless claims to fall to 356,000. The unemployment rate remained steady at 8.3%.
Producer prices rose less than expected in February as they increased by 0.4%. Energy costs contributed to this increase.
A quick look at the major indexes show the Dow up 12 points, the Nasdaq up 8 points and the S&P 500 up 3 points.
Towerstream Corporation (NASDAQ:TWER) is up 28.08% this morning at $3.3390. TWER is rallying on heavy volume this morning with over 2 million shares traded. TWER shares are up today after the company released fourth quarter results late yesterday. Revenue for the fourth quarter was $7.2 million with a net loss of $0.04 per share. Analysts were expecting revenue of $7.1 million and a loss of $0.05 per share. The company has a market cap of 178.87 million.
InterMune, Inc. (NASDAQ:ITMN) is up 11.42% today at $16.50. ITMN has traded 5.2 million shares so far today and trades 2.4 million shares a day on average. ITMN shares are climbing today after German reimbursement body rules in favor the InterMune’s drug. The company has a market cap of 1.07 billion.
Veeco Instruments Inc. (NASDAQ:VECO) is up 8.97% in early trading at $32.67. VECO has traded 1.2 million shares this morning, above its average volume of 1.1 million shares. Vecco Instruments was upgraded to buy from hold at Deutsche Bank. The company has a market cap of 1.26 billion.
Amarin Corporation (NASDAQ:AMRN) is up 6.61% today at $8.55. AMRN has traded 4.2 million shares so far today, close to double its average volume. AMRN hit an intraday high of nearly $9 earlier this morning and has jumped as much as $2 a share in the past two days. The company has a market cap of 1.18 billion.
FuelCell Energy, Inc. (NASDAQ:FCEL) is up 7.30% this morning at $1.91. FCEL has traded big volume already this morning with 3 million shares traded, double its average. FuelCell and Air Products signed Memorandum of Understanding to market development of stationary Direct FuelCell power plants. The company has a market cap of 267.84 million.
Powerwave Technologies, Inc. (NASDAQ:PWAV) is up 10.98% today at $1.92. PWAV has traded 885 thousand shares so far this morning, above its average of 782 thousand shares. PWAV shares have jumped close to $0.70 over the past week. The company has a market cap of 61.27 million.