Record Cyber Monday sales lifted the markets to a sharply higher open with the Dow soaring 143 points to 17,863. Nasdaq climbed 34 points to 5,143.
On the upside
Giga-tronics (Nasdaq: GIGA) entered an agreement to develop and license threat simulation software to Lockheed Martin.
Oppenheimer upgraded TerraForm Power (Nasdaq: TERP) from a Perform rating to an Outperform rating.
Infoblox (NYSE: BLOX) narrowed first quarter losses more than expected as revenue climbed and the company forecast current quarter results above expectations.
On the downside
Breitburn Energy Partners (Nasdaq: BBEP) suspended the cash distribution on its common units.
Bank of America Merrill Lynch downgraded Joy Global (NYSE: JOY) from a Neutral rating to an Underperform rating.
NQ Mobile (NYSE: NQ) reported a loss for the third quarter.
In the broad market, advancing issues outpaced decliners by a margin of nearly 7 to 2 on the NYSE and by more than 5 to 3 on Nasdaq. The broader S&P 500 climbed 16 points to 2,097. Bitcoin dropped $15 to $362.
