The nation's factory activity climbed to a two-year high last month to lift the markets to a higher close on the first trading day of 2017 with the Dow soaring 119 points to 19,881. Nasdaq climbed 45 points to 5,429.
On the upside
Kopek (Nasdaq: KOPN) entered a strategic relationship with Goertek.
Deutsche Bank upgraded Scorpio Buikers (NYSE: SALT) from a Hold rating to a Buy rating.
Bargain hunters lifted shares of Pacific Biosciences of California (Nasdaq: PACB).
On the downside
SITO Mobile (Nasdaq: SITO) reported preliminary fourth quarter revenue that fell short of expectations.
Agile Therapeutics (Nasdaq: AGRX) reported positive top-line results from its Phase 3 SECURE clinical trial of Twirla and will resubmit its new drug application in the first half of 2017 but the stock price fell.
Shares of Twilio (NYSE: TWLO) fell for the fifth day.
In the broad market, advancing issues outpaced decliners by a margin of more than 3 to 1 on the NYSE and by more than 5 to 3 on Nasdaq. The broader S&P 500 index climbed 19 points to 2,257. Bitcoin added $2 to $1,003.
