The markets surged to close sharply higher with the Dow leaping 263 points to 16,380 over strong corporate earnings and upbeat economic data. Nasdaq climbed 41 points to 4,25.
On the upside
Shares of Hudson Technologies (Nasdaq: HDSN) rose after the Environmental Protection Agency issued final rules for the allowance of virgin production of HCFCs for 2015 through 2019.
Tetraphase Pharmaceuticals (Nasdaq: TTPH) priced its public offering of 3.95 million common shares at the discounted price of $19 per share but the stock price climbed.
Caesars Entertainment (Nasdaq: CZR) will begin discussions with creditors to restructure its debt.
On the downside
Investors locked in profits on Arch Coal (NYSE: ACI).
Profit taking continued to sink Lakeland Industries (Nasdaq: LAKE).
MLV & Co. initiated coverage of Clean Energy Fuels (Nasdaq: CLNE) with a Hold rating.
In the broad market, advancing issues outpaced decliners by a margin of nearly 2 to 1 on the NYSE while decliners barely edged out advancers by a slim margin on Nasdaq. The broader S&P 500 surged 24 points to 1886. Bitcoin added $3 to $381.
Strong earnings and upbeat data boosts markets
October 17, 2014 at 18:42 PM EDT