A strong jobs report boosted the stock market with the Dow finishing a
holiday-shortened session up 92 points at 17,068. Nasdaq rose 28 points
to close at at 4,485.
On the upside
Petsmart (Nasdaq:PETM) was asked by Jana Partners to explore the sale of the company and its 9.9% stake in the retailer.
Shares of Rite Aid (NYSE: RAD) was boosted by an increase in same-store sales in June for the drugstore chain.
Shares
of Paccar (Nasdaq: PCAR) surged on analysts' comments speculating about
Volkswagen making a bid for the truck maker. Volkwagen denied the
claim.
On the downside
Shares of
USEC (NYSE: USU) gave up a third of its value after rallying for two
days. The uranium fuel provider is emerging from Chapter 11 bankruptcy.
Worries
about the underlying business of NQ Mobile (NYSE: NQ) weighed on
investors as PricewaterhouseCoopers expanded the scope of the Chinese
Internet service provider.
Shares of Regado Biosciences (Nasdaq: RGDO) tumbled after the FDA announced a surprise review of the company's antithrombotic drug system. Analysts promptly downgraded the stock.
In
the broad market, advancing issues outpaced decliners by a margin of
more than 5 to 4 on the NYSE, but were narrowly edged out on Nasdaq. The
broader S&P 500 climbed 10 points to close at a record 1985.
Bitcoin lost $8 or 1.3% to $634.