Strong productivity growth boosts markets

Strong growth in the nation's productivity in the second quarter after contracting in the first sent the market soaring during the midday with the Dow surging 153 points to 16,521. Nasdaq climbed 32 points to 4367.

On the upside

Raptor Pharmaceuticals (Nasdaq: RPTP) narrowed second quarter losses more than expected as revenue surged prompting the company to lift its full year revenue outlook.

Third quarter earnings more than tripled for China HGS Real Estate (Nasdaq: HGSH) as revenue surged.

RadNet (Nasdaq: RDNT) reported sharply higher second quarter earnings.

On the downside

Hanger (NYSE: HGR) disappointed with lower second quarter earnings that fell far short of analyst expectations and lowered its full year earnings guidance.

Select Medical Holdings (NYSE: SEM) reported higher second quarter earnings and revenue but the stock price fell.

Rubicon Technology (Nasdaq: RBCN) widened losses for the second quarter.

In the broad market, advancing issues outpaced decliners by a margin of nearly 2 to 1 on the NYSE and by more than 3 to 2 on Nasdaq. The broader S&P 500 soared 17 points to 1927. Bitcoin added $2 to $589.

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