An unexpected drop in jobless claims sent the markets soaring during the midday with Dow surging 179 points to 18,239. Nasdaq jumped 59 points to 5,040.
On the upside
Forbes Energy Services (Nasdaq: FES) widened first quarter losses but the results were better than expected.
Shares of Galapagos (Nasdaq: GLPG) surged on its first trading day.
Atossa Genetics (Nasdaq: ATOS) widened first quarter losses but revenue surged.
On the downside
Shares of Kandi Technologies Group (Nasdaq: KNDI) continued falling.
Puma Biotechnology (NYSE: PBYI) reported mixed results for its breast cancer treatment PB272.
Investors locked in profits on One Horizon Group (Nasdaq: OHGI).
In the broad market, advancing issues outpaced decliners by a margin of more than 3 to 1 on the NYSE and by more than 2 to 1 on Nasdaq. The broader S&P 500 soared 18 points to 2117. Bitcoin held steady at $236.
Markets surge on unexpected drop in jobless claims
May 14, 2015 at 14:04 PM EDT