China's interest rate cut sent the markets soaring with the Dow jumping 266 points to 16,137. Nasdaq surged 102 points to 4,628.
On the upside
Forward Industries (Nasdaq: FORD) extended its contract to supply Bayer Healthcare with Global custom carry cases for diabetic products.
China's interest rate cut lifted shares of JinkoSolar Holding (NYSE: JKS).
Bargain hunters lifted shares of Weibo (Nasdaq: WB).
On the downside
Shares of Great Basin Scientific (Nasdaq: GBSN) continued falling.
The Public Service Commission of D.C. rejected a merger application for Pepco Holdings (NYSE: POM) to combine with Exelon (NYSE: EXC).
SunEdison (NYSE: SUNE) chief financial officer Brian Wuebbels bought 50,000 shares of company stock.
In the broad market, advancing issues outpaced decliners by a margin of nearly 7 to 2 on the NYSE and by more than 3 to 1 on Nasdaq. The broader S&P 500 climbed 27 points to 1,921. Bitcoin soared $14 to $220.
Markets soar on China's interest rate cut
August 25, 2015 at 15:39 PM EDT