A proposal to place Syria's chemical weapons under international control eased fears of possible military strikes which lifted the markets during the midday with the Dow surging 109 points to 15,172. Nasdaq gained 17 points to 3723.
On the upside
XenoPort (Nasdaq: XNPT) reported positive preliminary results from two Phase I studies of its relapsing remitting multiple sclerosis treatment XP23829.
Tata Motors (Nasdaq: TTM) will expand into Indonesia and its Jaguar unit announced plans to move forward with production of its sports crossover vehicle C-X17.
Shares of Prospect Global Resources (Nasdaq: PGRX) continued climbing after completing a 50-for-1 reverse stock split last week.
On the downside
HD Supply Holdings (Nasdaq: HDS) widened second quarter losses even as revenue rose.
Model N (NYSE: MODN) lowered its revenue guidance for the first quarter and full year prompting downgrades.
Inergy Midstream (NYSE: NRGM) priced its public offering of 11 million common units at $22.50 per common unit.
In the broad market, advancing issues outpaced decliners by a margin of more than 5 to 3 on the NYSE and by a margin of nearly 2 to 1 on Nasdaq. The broader S&P 500 climbed 10 points to 1682.
