February 24, 2014 at 09:43 AM EST
G20 Pledge Boosts Markets
Pledges by the G20 for new policies that would increase the world economy by $2 trillion over five years boosted the markets to a sharply higher open with the Dow soaring 129 points to 16,233. Nasdaq climbed 32 points to 4295.
On the upside
GT Advanced Technologies (Nasdaq: GTAT) narrowed fourth quarter losses more than expected.
On the downside
Profit taking weighed down shares of MicroVision (Nasdaq: MVIS).
Barron's wrote that Kinder Morgan Energy Partners (NYSE: KMP) was overvalued.
Bank of America-Merrill Lynch downgraded 3D Systems (NYSE: DDD) from a Buy rating to an Underperform rating.
In the broad market, advancing issues outpaced decliners by a margin of nearly 3 to 1 on the NYSE and by nearly 5 to 2 on Nasdaq. The broader S&P 500 climbed 13 points to 1849. Bitcoin plunged $116.94 or 58.47% to $200.00.
3D SYSTEMS CORP Dow Jones Industrial Average Dow Jones Industrial Average (EOD) GT Advanced Tech JOS A Bank Clothiers, Inc. KINDER MORGAN ENERGY PTNR MENS WEARHOUSE, Inc. MICROVISION NASDAQ 100 NASDAQ Composite NYSE COMPOSITE INDX RF Micro Devices, Inc. Standard & Poors 500 Triquint Semiconductor, Inc.
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