The markets extended its gains during the midday with the Dow leaping 201 points to 17,736. Nasdaq surged 64 points to 4,781.
On the upside
Gannett (NYSE: GCI) increased its offer for Tribune Publishing (NYSE: TPUB) from $815 million to $864 million.
Bargain hunters lifted shares of ConforMIS (Nasdaq: CFMS).
Konecranes will pay approximately $1.28 billion in cash and stock to acquire the Material Handling & Port Solutions unit of Terex (NYSE: TEX) instead of acquiring the entire company.
On the downside
Trevena (Nasdaq: TRVN) reported disappointing results from Phase 2b BLAST-AHF study of TRV027 to treat acute heart failure.
Shares of Zagg (Nasdaq: ZAGG) extended its losses.
Renren (NYSE: RENN) fell to a loss for the fourth quarter.
In the broad market, advancing issues outpaced decliners by a margin of more than 7 to 2 on the NYSE and by a margin of nearly 5 to 2 on Nasdaq. The broader S&P 500 spare 21 points to 2,068. Bitcoin eased a fraction to $456.
