Markets open higher as oil continues rising

The markets opened higher with Dow rising 31 points to 18,089 as crude oil prices continued climbing. Nasdaq gained 26 points to 5,022.

On the upside

Builders FirstSource (Nasdaq: BLDR) will acquire ProBuild Holdings in an all cash deal valued at approximately $1.63 billion.

Great Basin Scientific (Nasdaq: GBSN) reported that its revenue generating customers in the United States increased to 101 in the first quarter.

The Food and Drug Administration notified Arrowhead Research (Nasdaq: ARWR) that it may proceed with a multi-dose Phase 2b clinical study of ARC-520.

Rising crude oil prices lifted shares of Petrobras (NYSE: PBR)

On the downside

Investors locked in profits on General Electric (NYSE: GE).

MGM Resorts (NYSE: MGM) filed proxy materials for its annual meeting.

In the broad market, advancing issues outpaced decliners by a margin of more than 9 to 7 on the NYSE and by nearly 5 to 3 on Nasdaq. The broader S&P 500 added 3 points to 2106. Bitcoin slipped $1 to $233.