Markets surge on growth prospects

Optimism over economic growth prospects sent the markets soaring to a sharply higher close with the Dow rocketing 303 points to 21,115. Nasdaq jumped 78 points to 5,904.


On the upside


Calithera Biosciences (Nasdaq: CALA) will present at the Cowen and Company 37th Annual Health Care Conference 2017.


NeuroDerm (Nasdaq: NDRM) reported positive results from a Phase II study of ND0612H to treats advanced Parkinson's disease.


Office Depot (Nasdaq: ODP) reported higher fourth quarter earnings that topped analyst estimates and appointed Gerry Smith to the position of chief executive officer.


On the downside


Impax Laboratories (Nasdaq: IPXL) fell to a loss for the fourth quarter.


Fourth quarter revenue plunged for Seadrill Partners (NYSE: SDLP).

Etsy (Nasdaq: ETSY) widened losses for the fourth quarter even as revenue climbed.


In the broad market, advancing issues outpaced decliners by a margin of more than 2 to 1 on the NYSE and by 3 to 1 on Nasdaq. The broader S&P 500 index leaped 32 points to 2,395. Bitcoin surged $27 to $1,212.


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