Senate leaders announced a last minute deal to avert a default which sent the markets soaring during the midday with the Dow leaping 169 points to 15,337. Nasdaq surged 41 points to 3835.
On the upside
MLV & Co. initiated coverage Geron (Nasdaq: GERN) with a Buy rating.
Shares of Veeva Systems (NYSE: VEEV) leaped in its market debut.
Springleaf Holdings (NYSE: LEAF) stock soared on its first trading day.
On the downside
GenCorp (NYSE: GY) reversed year ago losses to post a profit for the third quarter but the stock price fell.
Janney Capital Markets downgraded Chiquita Brands (NYSE: CQB) from a Buy rating to a Neutral rating.
Joe’s Jeans (Nasdaq: JOEZ) disappointed with lower third quarter earnings and revenue.
In the broad market, advancing issues outpaced decliners by a margin of nearly 4 to 1 on the NYSE and by nearly 3 to 1 on Nasdaq. The broader S&P 500 jumped 19 points to 1717.
