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In other commodity trading, oil fell back from a 16-month high, dropping $1.61, or 1.5 percent, to $104.91 a barrel.
Among stocks making big moves:
— Bridgepoint Education rose $3.31, or 26 percent, to $15.92, after the for-profit education company said its Ashford University had won accreditation. Bridgepoint, which also operates the University of the Rockies, struggled with accreditation problems for much of 2012.
—Microsoft rose 98 cents, or 2.8 percent, to $35.69, after the company announced a major reorganization. The world’s largest software maker has been struggling with a steady decline in PC demand as people turn to tablets and other mobile devices.
— Rockwell Medical Technologies Inc. jumped 59 cents, or 15.7 percent, to $4.35, after the drug developer said an experimental treatment for kidney patients took a step toward winning approval.
— Celgene rose $9.84, or 7.9 percent, $134.90 after the Swiss drugmaker said its cancer drug Revlimid met its goals in a late-stage study.
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