Strong earnings sent the markets soaring to close sharply higher with the Dow jumping 213 points to 24,786. Nasdaq leaped 124 points to 7281.
On the upside
ArQule (Nasdaq: ARQL) entered an exclusive license agreement with Basilea Pharmaceutica International to develop and commercialize derazantinub.
Shares of Fred's (Nasdaq: FRED) rose ahead of its earnings release tomorrow before market open.
The Food and Drug Administration is expected to approve GW Pharmaceuticals' (Nasdaq: GWPH) seizure treatment that is made with cannabidiol.
On the downside
The Sears Holdings (Nasdaq: SHLD) store at Asheville Mall will begin liquidation sales at the end of the month and will close by mid-July.
Rumors circulated that GoPro (Nasdaq: GPRO) may be acquired but the stock price fell.
REV Group (NYSE: REVG) announced the return of Tom Phillips as chief operating officer.
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 soared 28 points to 2,706. Bitcoin tumbled $89 to $7,918.