Upbeat November retail sales sent the markets soaring with the Dow jumping 163 points to 17,696. Nasdaq surged 57 points to 4,741.
On the upside
LendingClub (NYSE: LC) surged in its market debut.
Shares of TG Therapeutics (Nasdaq: TGTX) extended its gains.
Bargain hunters lifted shares of Walter Energy (NYSE: WLT).
On the downside
Credit Suisse downgraded Ariad Pharmaceuticals (Nasdaq: ARIA) from a Neutral rating to an Underperform rating and cut its price target from $8 to $6.
Methode Electronics (NYSE: MEI) reported higher second quarter earnings and revenue that surpassed analyst expectations but the stock price tumbled.
Fiat Chrysler (NYSE: FCAU) priced its offering of 87 million common shares.
In the broad market, advancing issues outpaced decliners by a margin of nearly 3 to 1 on the NYSE and by more than 5 to 2 on Nasdaq. The broader S&P 500 surged 21 points to 2048. Bitcoin gained $7 to $352.
Markets soar on upbeat retail sales
December 11, 2014 at 14:23 PM EST