The markets surged to close sharply higher with the Dow leaping 135 points to 15,326 as the prospect of military action against Syria continued to wane. Nasdaq lost 4 points to 3725.
On the upside
Shares of Galectin Therapeutics (Nasdaq: GALT) continued rising after announcing yesterday that it received a patent for its fatty liver disease treatment.
Synnex (NYSE: SNX) will purchase the customer care outsourcing business from IBM (NYSE: IBM) for approximately $505 million in cash and stock.
Gogo (Nasdaq: GOGO) introduced its next generation Gogo GTO service that will deliver more than 60 Mbps to airline flights.
On the downside
A Seeking Alpha contributor expects the stock price of Avanir Pharmaceuticals (Nasdaq: AVNR) to crash.
GSV Capital (Nasdaq: GSVC) will offer $50 million in convertible notes through a private offering.
Multimedia Games director (Nasdaq: MGAM) Stephen J. Greathouse sold more than $1 million worth of company stock.
In the broad market, advancing issues outpaced decliners by a margin of 7 to 5 on the NYSE while decliners edged out advancers by more than 10 to 9 on Nasdaq. The broader S&P 500 added 5 points to 1689.
