Likely rate increase in December, markets surge

Minutes from the Federal Reserve’s October meeting indicated a strong possibility an interest rate increase in December. Investors welcomed the news by sending the markets soaring with the Dow rocketing 247 points to 17,737. Nasdaq leaped 89 points to 5,075.

On the upside

Shares of e-Future Information Technology (Nasdaq: EFUT) climbed ahead of it earnings release on Friday.

Adeptus Health (NYSE: ADPT) will present at the 27th Annual Piper Jaffray Healthcare Conference on December 1.

Bargain hunters lifted shares of Sophiris Bio (Nasdaq: SPHS).

On the downside

Deutsche Bank downgraded Scorpio Bunkers (NYSE: SALT) from a Buy rating to a Hold rating.

Star Bulk Carriers (Nasdaq: SBLK) widened losses for the third quarter.

Sprint (NYSE: S) has offered to slash smartphone bills in half for customers who switch over to Sprint from a rival network.

In the broad market, advancing issues outpaced decliners by a margin of nearly 7 to 2 on the NYSE and more than 2 to 1 on Nasdaq. The broader S&P 500 leaped 33 points to 2,083. Bitcoin slipped $2 to $332.

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