A strong 0.9% surge in January industrial production sent the markets soaring during the midday with the Dow jumping 250 points to 16,447. Nasdaq leaped 96 points to 4,532.
On the upside
Rising copper prices lifted shares of Freeport-McMoRan (NYSE: FCX).
An agreement has been reached between Brazil and Samarco Mineracao owners Vale (NYSE: VALE) and BHP Billiton (NYSE: BHP) over a dam collapse last year.
Targa Resources (NYSE: TRGP) completed its acquisition of Targa Resources Partners.
On the downside
Fourth quarter earnings slipped for Zix (Nasdaq: ZIXI).
Investors locked in profits on Groupon (Nasdaq: GRPN).
Bank of America/Merrill Lynch downgraded EnLink Midstream (NYSE: ENLC) from a Buy rating to a Neutral rating.
In the broad market, advancing issues outpaced decliners by a margin of more than 6 to 1 on the NYSE and by nearly 7 to 2 on Nasdaq. The broader S&P 500 leaped 32 points to 1,927. Bitcoin climbed $13 to $418.
