Markes rebound after Brexit turmoil

The markets opened sharply higher after two days of Brexit induced turmoil with the Dow soaring 191 points to 17,332. Nasdaq surged 73 points to 4,667.


On the upside


Gannett (NYSE: GCI) will pay a premium of approximately $156 million to acquire ReachLocal (Nasdaq: RLOC).

Ocean Power Technologies (Nasdaq: OPTT) redeployed the PB3-A1 PowerBuoy off the coast of New Jersey.


Shares of Twilio (NYSE: TWLO) climbed after making its market debut on Thursday before the Brexit induced market collapse.


On the downside


The Food and Drug Administration placed a clinical hold on Regulus Therapeutics' (Nasdaq: RGLS) Investigational New Drug application for the chronic hepatitis C treatment RG-101.


Telsey Advisory Group downgraded comScore (Nasdaq: SCOR) from an Outperform rating to a Market Perform rating.

Profit taking weighed down shares of Barrick Gold (NYSE: ABX) and Kinross Gold (NYSE: KGC).


In the broad market, advancing issues outpaced decliners by a margin of 8 to 1 on the NYSE and by more than 7 to 1 on Nasdaq. The broader S&P 500 soared 23 points to 2,024. Bitcoin rose $4 to $639.

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