The markets surged to close sharply higher with the Dow soaring 142 points to 19,756 as wholesale inventories fell. Nasdaq climbed 27 points to 5,444.
On the upside
InvenSense (NYSE: INVN) engaged in discussions to be acquired by TDK.
Emergent BioSolutions (NYSE: EBS) will supply the Centers for Disease Control and Prevention approximately 29.4 million doses of BioThrax.
BioDelivery Sciences International (Nasdaq: BDSI) reacquired the rights to BELBUCA buccal film from Endo Pharmaceuticals (Nasdaq: ENDP).
On the downside
Superconductor Technologies (Nasdaq: SCON) priced its public offering of common stock at the discounted price of $1.50 per share.
Restoration Hardware (NYSE: RH) disappointed with sharply lower third quarter earnings and cut its full year forecast.
Xactly (NYSE: XTLY) reported a loss for the third quarter.
In the broad market, declining issues barely edged out advancers by a slim margin on the NYSE while advancers outpaced decliners by 7 to 5 on Nasdaq. The broader S&P 500 index climbed 13 points to 2,259. Bitcoin edged up a fraction to $765.
