The markets soared during the midday with the Dow leaping 240 points to 16,608 on upbeat retail sales. Nasdaq surged 52 points to 4,858.
On the upside
Gray Television (NYSE: GTN) will acquire all the television and radio stations of Schurz Communications for approximately $442.5 million.
The 2016 Cadillac ATS and CTS sedans will include as a standard feature Continental Automotive Systems' Maxwell Technologies (NYSE: MXWL) powered voltage stabilization system.
Shares of Advaxis (Nasdaq: ADXS) continued climbing.
On the downside
Versartis (Nasdaq: VSAR) modified its ongoing Phase 3 registration trial of somavaratan.
Stifel Nicolaus analyst John Baugh downgraded Conns (Nasdaq: CONN) from a Buy rating to a Hold rating.
Arch Coal (NYSE: ACI) has been unsuccessful in negotiating a debt exchange with its creditors.
In the broad market, advancing issues outpaced decliners by a margin of 2 to 1 on the NYSE and by nearly 7 to 3 on Nasdaq. The broader S&P 500 leaped 24 points to 1,977. Bitcoin eased a fraction to $228.
Upbeat retail sales boost markets
September 15, 2015 at 14:50 PM EDT