The finalization of a Greek debt deal lifted the markets to a sharply higher open with the Dow soaring 164 points to 17,925. Nasdaq surged 52 points to 5,049.
On the upside
Ohr Pharmaceutical (Nasdaq: OHRP) reported positive results from a Phase II clinical trial of its retinal vein occlusion treatment OHR-102.
MPLX (NYSE: MPLX) will acquire MarkWest Energy Partners (NYSE: MWE) in a deal valued at approximately $20 billion including the assumption of debt.
Remy International (Nasdaq: REMY) will be acquired by BorgWarner (NYSE: BWA) for a premium of approximately $1.2 billion.
On the downside
Ascena Retail Group (Nasdaq: ASNA) cut its full year guidance.
Retreating gold prices weighed down shares of IAMGOLD (NYSE: IAG).
Shares of Orchid Island Capital (NYSE: ORC) continued falling.
In the broad market, advancing issues outpaced decliners by a margin of 7 to 2 on the NYSE and by nearly 7 to 2 on Nasdaq. The broader S&P 500 soared 18 points to 2095. Bitcoin tumbled $23 to $282.
Greek debt deal sealed, markets soar
July 13, 2015 at 10:44 AM EDT