A drop in retail sales and manufacturing output further reassured investors that an interest rate increase would be unlikely. The markets surged to close sharply higher with the Dow leaping 177 points to 18,212. Nasdaq jumped 75 points to 5,249.
On the upside
Press Telegraph noted that three out of five analysts rated Tokai Pharmaceuticals (Nasdaq: TKAI) a Buy while two rated the company a Hold.
Shares of Arena Pharmaceuticals (Nasdaq: ARNA) extended its gains.
Airgain (Nasdaq: AIRG) will host a conference call to discuss its second quarter financial results on Tuesday, September 20, 2016 after market close.
On the downside
Sequans Communications (NYSE: SQNS) priced its public offering of approximately 15.15 million American Depositary Shares at the discounted price of $1.65 per ADS.
Analysts expect Amber Road (NYSE: AMBR) to report a loss for the third quarter.
Integer Holdings (NYSE: ITGR) chief financial officer Michael Dinkins is departing the company.
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 2 on Nasdaq. The broader S&P 500 soared 21 points to 2,147. Bitcoin eased a fraction to $608.
