ECB rate cut boosts markets

A rate cut by the European Central Bank sent the markets soaring to a sharply higher close with the Dow climbing 98 points to 16,836. Nasdaq surged 44 points to 4,296.

On the upside

Uni-Pixel (Nasdaq: UNXL) will provide an operational update on Wednesday, June 25, 2014.

Abaxas Petroleum (Nasdaq: AXAS) lifted its full year production outlook.

Bio-Reference Laboratories (Nasdaq: BRLI) reported lower second quarter earnings but the results beat analyst expectations.

On the downside

Piper Jaffray downgraded Life Time Fitness (NYSE: LTM) to a Neutral rating from an Overweight rating.

Cautious comments by Zynga (Nasdaq: ZNGA) chief executive Don Mattrick weighed down shares of the online social game developer.

Novavax (Nasdaq: NVAX) announced plans to offer $100 million worth of common stock.

In the broad market, advancing issues outpaced decliners by a margin of 7 to 2 on the NYSE and by more than 7 to 2 on Nasdaq. The broader S&P 500 climbed 12 points to close at a record 1940. Bitcoin rose $11.74 or 1.80% to $652.04.

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