The markets surged to close sharply higher with the Dow leaping 297 points to 19,549 as investors welcomed news that SoftBank would invest $50 billion in the U.S. Nasdaq surged 60 points to 5,393.
On the upside
Shares of Intrepid Potash (NYSE: IPI) climbed for the third day in a row.
SunPower (Nasdaq: SPWR) will eliminate approximately 2,500 jobs and close its 700-megawatt nameplate facility capacity Fab 2 facility.
Amazon's new cashier-free grocery store Amazon Go sparked speculation that Amazon may partner with real-time inventory tracking technology Impinj (Nasdaq: PI).
On the downside
Moody's Investors Service said that Universal Health Services' (NYSE: UHS) acquisition of the adult services division of Cambian Group is a modest credit negative.
Vera Bradley (Nasdaq: VRA) reported lower third quarter earnings that fell short of analyst expectations and forecast current quarter results below estimates.
bluebird bio (Nasdaq: BLUE) priced its public offering of approximately 3.29 million common shares at the discounted price of $76.00 per share.
In the broad market, advancing issues outpaced decliners by a margin of nearly 7 to 2 on the NYSE and by more than 5 to 3 on Nasdaq. The broader S&P 500 index soared 29 points to 2,241. Bitcoin added $6 to $763.
