The S&P 500
(INDEXSP:.INX) is up 2.65 points or .19% to 1,382.06 as of 2:35 p.m. EST today. Leading this gain is Titanium Metals Corp.
(NYSE:TIE), which has increased a massive 42.44% to $16.48 per share as a result of its proposed acquisition by Precision Castparts Corp.
(NYSE:PCP). Also up is Gilead Sciences
(NASDAQ:GILD), which has risen 10.58% to $71.88 after announcing positive study results for its hepatitis C treatment.
Today’s big loser is JC Penney
(NYSE:JCP), which is down 11.63% to $18.23. The company is still losing profits on its road to restructuring.
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