Hopes for accelerated economic expansion under President Donald Trump's tax reforms lifted the markets to a sharply higher close with the Dow surging 142 points to 20,412. Nasdaq climbed 29 points to 5,763.
On the upside
Sino-Global Shipping (Nasdaq: SINO) reversed year ago losses to post a profit for the second quarter.
Bargain hunters lifted shares of DryShips (Nasdaq: DRYS).
UBS analyst John Roberts affirmed his Neutral rating on Intrepid Potash (NYSE: IPI) and lifted his price target from $1.15 to $2.00.
On the downside
Knoll (NYSE: KNL) disappointed with lower second quarter revenue that fell short of analyst expectations.
Profit taking weighed down shares of Cara Therapeutics (Nasdaq: CARA).
Gevo (Nasdaq: GEVO) will offer stocks and warrants through a public offering.
In the broad market, advancing issues outpaced decliners by a margin of nearly 3 to 2 on the NYSE and by nearly 7 to 5 on Nasdaq. The broader S&P 500 index climbed 12 points to 2,328. Bitcoin added $1 to $993.
