Pending home sales surged more than expected to send the markets soaring during the midday with the Dow leaping 270 points to 17,982. Nasdaq jumped 50 points to 4,941.
On the upside
Fujifilm Holdings will buy Cellular Dynamics International (Nasdaq: ICEL) for a premium of approximately $307 million in cash.
ChinaNet Online Holdings (Nasdaq: CNET) entered a service partner agreement with Baidu (Nasdaq: BIDU).
Barclays upgraded Analog Devices (Nasdaq: ADI) from an Equal Weight rating to an Overweight rating.
On the downside
Investors locked in profits on World Wrestling Entertainment (NYSE: WWE) after the entertainment company reported record attendance at Levi's Stadium and record company revenue for a live event for WrestleMania 31 on Sunday.
The Food and Drug Administration issued a Complete Response Letter to Adamis Pharmaceuticals (Nasdaq: ADMP) for its Pre-filled Single Dose Epinephrine Syringe.
Wunderlich Securities downgraded Breitburn Energy Partners (Nasdaq: BBEP) from a Hold rating to a Sell rating.
In the broad market, advancing issues outpaced decliners by a margin of 5 to 2 on the NYSE and by nearly 2 to 1 on Nasdaq. The broader S&P 500 soared 24 points to 2085. Bitcoin rose $3 to $243.
Surge in pending home sales boost markets
March 30, 2015 at 14:52 PM EDT
