Markets soar as consumer spending climbs

An increase in July consumer spending boosted the markets to a sharply higher close with the Dow soaring 107 points to 18,502. Nasdaq gained 13 points to 5,232.


On the upside


Comstock Resources (NYSE: CRK) amended and extended its senior notes exchange offer.


Jefferies lifted its price target on Lantheus Holdings (Nasdaq: LNTH) from $8 to $12.


Shares of TPI Composites (Nasdaq: TPIC) climbed ahead of the end of the company's quiet period on August 31, 2016.


On the downside


A supply agreement that Core-Mark Holding's (Nasdaq: CORE) has with Circle K Stores for the Southeastern Region of the U.S. was not renewed and will expire January 2017.


Shares of Net 1 Ueps Technologies (Nasdaq: UEPS) extended its losses.


EXCO Resources (NYSE: XCO) stock continued falling as crude oil prices retreated.


In the broad market, advancing issues outpaced decliners by a margin of more than 5 to 2 on the NYSE and by 5 to 3 on Nasdaq. The broader S&P 500 climbed 11 points to 2,180. Bitcoin added $1 to $573.

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