The markets soared to close sharply higher with the Dow surging 135 points to 21,993 as tensions with North Korea eased. Nasdaq jumped 83 points to 6,340.
On the upside
Neff (NYSE: NEFF) received a superior acquisition proposal from a strategic bidder and has notified H&E Equipment Services.
Tesco (Nasdaq: TESO) will be acquired by Nabors Industries (NYSE: NBR) in an all stock transaction valued at approximately $215 million.
Shares of Sangamo Therapeutics (Nasdaq: SGMO) continued to rise.
On the downside
Shares of Herbalife (NYSE: HLF) and Nu Skin Enterprises (NYSE: NUS) fell on news that Chinese authorities plan to crack down on multilevel marketing companies.
SORL Auto Parts (Nasdaq: SORL) disappointed with second quarter earnings that fell short of expectations.
Zynerba Pharmaceuticals (Nasdaq: ZYNE) reported disappointing results from a Phase 2 STOP clinical trial of ZYN002.
In the broad market, advancing issues outpaced decliners by a margin of nearly 7 to 2 on both the NYSE and on Nasdaq. The broader S&P 500 soared 24 points to 2,465. Bitcoin leaped $150 to $4259.
