Bargain hunters lift markets

The markets opened higher with the Dow soaring 105 points to 17,234 as investors snapped up bargains after last week’s sharp losses. Nasdaq climbed 38 points to 4,961.

On the upside

AVEO Pharmaceuticals (Nasdaq: AVEO) granted EUSA Pharma the exclusive European rights to tivozanib to treat advanced renal cell carcinoma.

NetSol Technologies (Nasdaq: NTWK) signed a contract valued at more than $100 million to implement its advanced solution for the auto and equipment finance and leasing industry, NFS Ascent.

SunEdison (NYSE: SUNE) stock rose again.

On the downside

Shares of Kinder Morgan (NYSE: KMI) continued to fall.

Investors locked in profits on The Chemours Company (NYSE: CC).

Whiting Petroleum (NYSE: WLL) stock extended its losses.

In the broad market, advancing issues outpaced decliners by a margin of nearly 7 to 2 on the NYSE and by nearly 7 to 3 on Nasdaq. The broader S&P 500 gained 14 points to 2,020. Bitcoin lost $5 to $435.

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