The momentum from last week's strong jobs report lifted the markets to a higher close with the Dow climbing 80 points to 18,226 while S&P 500 closed at a record high of 2,137. Nasdaq gained 31 points to 4,988.
On the upside
Wunderlich upgraded Resolute Energy (NYSE: REN) from a Hold rating to a Buy rating while Northland Capital upgraded the company from a Market Perform rating to an Outperform rating.
Bargain hunters snapped up shares of XBiotech (Nasdaq: XBIT).
Rumors circulated that GoPro (Nasdaq: GPRO) would introduce a new GoPro Hero 5 along with the company's long delayed drone.
On the downside
Shares of ImmunoGen (Nasdaq: IMGN) fell for the third day.
Retreating crude oil prices weighed down shares of Basic Energy Services (NYSE: BAS).
Avnet (NYSE: AVT) chief executive Rick Hamada resigned and has been replaced by interim CEO William J. Amelio. The company also lowered its fourth quarter forecast.
In the broad market, advancing issues outpaced decliners by a margin of more than 2 to 1 on the NYSE and by 2 to 1 on Nasdaq. The broader S&P 500 gained 7 points to 2,137. Bitcoin rose $4 to $645.
