The markets extended its gains during the midday with the Dow soaring 115 points to 21,524. Nasdaq climbed 55 points to 6,249.
Fiat Chrysler will end production of its Dodge Viper and close the Conner Avenue Assembly Plant in Detroit on August 31. All 87 workers will be offered jobs at other locations. The powerful 10-cylinder Viper found few buyers with less than 1,500 vehicles sold per year.
As part of its bankruptcy restructuring plan, Gymboree will close 350 stores across the country. The children's apparel retailer also owns the Janie & Jack and Crazy 8 stores. After the store closures, Gymboree will still have more than 900 locations.
Sales on Amazon Prime Day surged more than 60% over last year's Prime Day sales. A record number of Prime members around the world took advantage of the 30-hour deals and bought record numbers of the Echo Dots, Fire tablets and Kindle devices. Some items were delivered within 12 minutes.
In the broad market, advancing issues outpaced decliners by a margin of more than 4 to 1 on the NYSE and by nearly 3 to 1 on Nasdaq. The broader S&P 500 climbed 16 points to 2,441. Bitcoin gained $26 to $2351.
