Durable goods orders rose unexpectedly last month to boost the markets to a higher close with the Dow gaining 69 points to 16,675. Nasdaq soared 51 points to 4,237.
On the upside
Shares of Prana Biotechnology (NYSE: PRAN) suddenly soared in late afternoon trading even though there was no news from or about the company.
North Atlantic Drilling (NYSE: NADL) and Seadrill (NYSE: SDLP) entered an agreement with Russia's Rosneft to expand their presence in Russia.
A Seeking Alpha article said that Celldex Therapeutics (Nasdaq: CLDX) was undervalued.
On the downside
Profit taking weighed down shares of Wave Systems (Nasdaq: WAVX).
Kerrisdale Capital Management holds a short position on Cardtronics (Nasdaq: CATM) saying that the company was overvalued.
Investors continued to lock in profits on Clovis Oncology (Nasdaq: CLVS).
In the broad market, advancing issues outpaced decliners by a margin of more than 2 to 1 on the NYSE and by nearly 3 to 1 on Nasdaq. The broader S&P 500 climbed 11 points to close at a record 1911. Bitcoin slipped $5.52 or 0.97% to $572.00.