(TSLA) were jumped16.2% to $27.56 after Morgan Stanley upgraded the electric car company to overweight from equal weight and increased its price target to $70 on expectations for a shift away from internal combustion engines.
Federal Reserve Bank of New York rejected insurer
American International Group's
(AIG) $15.7 billion offer to buy a subprime mortgage portfolio the government purchased from the insurer in the early days of the financial crisis. AIG's stock slipped 2.3% at $35.23.
(DNDN) gained 5.3% to $37.41 after the U.S. Centers for Medicare and Medicaid Services said it's leaning toward
backing coverage of the company's Provenge treatment for prostate cancer
(MSFT) filed a formal complaint with European antitrust regulators regarding
online search dominance in the region
(JDSU - Get Report)
(FTR - Get Report)
(FSLR - Get Report)
were the biggest gainers on the S&P 500.
In commodity markets, the May crude contract gained $2.45 to settle at $106.72 a barrel, a 30 month high. The June gold contract jumped $15 to settle at $1,439.90 an ounce, a record high.
are up 1.3% for the quarter. Silver prices closed 37 cents higher at $37.88 another 31-year record close. Silver popped 22% in the first quarter.
The benchmark 10-year Treasury fell 4/32, lifting the yield to 3.457%. The dollar weakened against a basket of currencies, with the dollar index down by 0.3%.
--Written by Melinda Peer and Shanthi Bharatwaj in New York