Quick Look Market Closing Price:
At the close: Dow +1.34% to 12664. S&P +1.18% to 1330. Nasdaq +0.63% to 2836.
Treasurys: 30-year -0.24%. 10-yr -0.29%. 5-yr -0.1%.
Commodities: Crude +1.96% to $84.24. Gold +0.42% to $1626.15.
Currencies: Euro +0.5% vs. dollar. Yen -0.09%. Pound -0.31%.
After Hours News:
Microvision (MVIS) -3.7% AH after announcing a stock offering of undisclosed size. The company only says it intends to use the proceeds for "general corporate purposes." Microvision has been bleeding cash for much of its history, and only had $6.8M on its balance sheet as of March 30
Dyax (DYAX) -14% AH after declaring it will discontinue its Phase 2 trial for a drug meant to treat angiodema. Dyax says data from 72 patients taking part in the trials failed to produce a "statistically significant" difference in results for those taking its drug relative to those taking a placebo. Nonetheless, the company remains committed to broader angiodema drug development.
II-VI (IIVI) -7.6% AH after warning it expects FQ4 (ends June 30) revenue of $135M-$137M and EPS of $0.23-$0.25, below a consensus of $141.1M and $0.29. It's also guiding for FY13 revenue of $582M-$588M and EPS of $1.14-$1.21, below a consensus of $593M and $1.34. The provider of exotic high-tech materials and high-precision components says it's been hurt by soft demand and pricing for tellurium, and a slowdown for its Marlow thermoelectric cooler business.