May 17, 2013 at 18:22 PM EDT
Records For Fourth Consecutive Week
Records were set for the fourth week in a row with the Dow leaping 121 points to 15,354 as consumer sentiment climbed to six year high. Nasdaq soared 33 points to 3498.
On the upside
Lazard Capital Markets lifted its price target on Vanda Pharmaceuticals (Nasdaq: VNDA) from $11 to $17.
E-Commerce China Dangdang (NYSE: DANG) narrowed first quarter losses more than expected as revenue climbed.
ViaSat (Nasdaq: VSAT) reversed year ago losses to post a greater than expected profit for the fourth quarter as new contracts surged.
On the downside
Stage Stores (NYSE: SSI) widened first quarter losses as expenses rose.
A Seeking Alpha contributor recommended selling OCZ Technology Group (Nasdaq: OCZ).
In the broad market, advancing issues outpaced decliners by a margin of nearly 5 to 2 on both the NYSE and on Nasdaq. The broader S&P 500 index soared 17 points to 1667.
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