Investors cheered a four-month extension of Greece's bailout by sending the markets soaring to a sharply higher close with the Dow surging 154 points to 18,140. Nasdaq climbed 31 points to 4,955.
On the upside
A four-month extension of Greece's bailout lifted shares of National Bank of Greece (NYSE: NBG).
Ariad Pharmaceuticals (Nasdaq: ARIA) shareholder Sarissa Capital demanded the retirement of chief executive officer Harvey Berger.
Bank of America/Merrill Lynch affirmed its Buy rating on California Resources (NYSE: CRC) and lifted its price target from $12 to $14.
On the downside
Profit taking sent shares of Eagle Pharmaceuticals (Nasdaq: EGRX) tumbling.
BioTelemetry (Nasdaq: BEAT) fell to a greater than expected loss for the fourth quarter.
Shares of Triple-S Management (NYSE: GTS) continued falling.
In the broad market, advancing issues outpaced decliners by a margin of more than 2 to 1 on the NYSE and by more than 10 to 9 on Nasdaq. The broader S&P 500 climbed 12 points 2110. Bitcoin added $2 to $242.
Four-month extension for Greece, markets soar
February 20, 2015 at 17:19 PM EST