Markets surge as consumer confidence soars

March consumer confidence jumped to its highest level in 16 years sending the markets soaring to a sharply higher close with the Dow surging 150 points to 20,701. Nasdaq gained 34 points to 5,875.


On the upside


An online rumor circulated that Diffusion Pharmaceuticals (Nasdaq: DFFN) received a patent.


Bargain hunters lifted shares of Sunshine Heart (Nasdaq: SSH).


Sears Holdings (Nasdaq: SHLD) chief executive Edward Lampert paid approximately $4.2 million to acquire 507,936 shares of company stock.


On the downside


Investors locked in profits on Cellect Biotechnology (Nasdaq: APOP).

Profit takin weighed down shares of Superconductor Technologies (Nasdaq: SCON).

HTG Molecular Diagnostics (Nasdaq: HTGM) extended its losses.


In the broad market, advancing issues outpaced decliners by a margin of more than 3 to 1 on the NYSE and by more than 5 to 3 on Nasdaq. The broader S&P 500 index climbed 16 points to 2,358. Bitcoin fell $7 to $1032.


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