Reports that Deutsche Bank has reached a settlement with the Justice Department lifted the markets to a sharply higher close with the Dow soaring 164 points to 18,308. Nasdaq climbed 42 points to 5,312.
On the upside
Shares of Nutanix (Nasdaq: NTNX) more than doubled in its market debut.
Nova Lifestyle (Nasdaq: NFVY) signed a Share Transfer Agreement to sell NOVA BVI to Kuka Design.
Deutsche Bank (NYSE: DB) is reportedly close to finalizing a settlement with the Department of Justice.
On the downside
The U.S. Army rejected Vectrus' (NYSE: VEC) contract proposal to continue providing comprehensive support services to all army facilities in Kuwait.
Shares of Marinus Pharmaceuticals (Nasdaq: MRNS) continued falling.
Profit taking weighed down shares of Vanguard Natural Resources (Nasdaq: VNR).
In the broad market, advancing issues outpaced decliners by a margin of 7 to 3 on the NYSE and by more than 5 to 2 on Nasdaq. The broader S&P 500 climbed 17 points to 2,168. Bitcoin held steady at $604.
