The markets soared to close sharply higher with the Dow leaping 167 points to 17,113 as the nation's economy expanded at its fastest pace in 2 1/2 years. Nasdaq surged 45 points to 4,512.
On the upside
ChinaNet Online Holdings (Nasdaq: CNET) partnered with Alibaba's (NYSE: BABA) Taobao.
Vimicro International (Nasdaq: VIMC) conducted an investor event at its headquarters in Beijing.
Fourth quarter earnings for Micron Technology (Nasdaq: MU) topped analyst estimates as revenue soared.
On the downside
Pulse Electronics (NYSE: PULS) will delist from the New York Stock Exchange and deregister its stock under the Securities Exchange Act of 1934.
The Street Ratings affirmed its Sell rating on J.C. Penney (NYSE: JCP).
Highpower International (Nasdaq: HPJ) partnered with Energous to develop batteries with wire-free charging technology but the stock price fell.
In the broad market, advancing issues outpaced decliners by a margin of more than 5 to 2 on the NYSE and by more than 2 to 1 on Nasdaq. The broader S&P 500 climbed 16 points to 1982. Bitcoin slipped $6 to $400.
Sharply higher close as GDP expands
September 26, 2014 at 17:37 PM EDT