Investors snapped up bargains to send the markets soaring to close sharply higher with the Dow zooming 619 points to 16,285. Nasdaq rocketed 191 points to 4,697.
On the upside
Microsoft (Nasdaq: MSFT) announced that Windows 10 is now running on over 75 million devices.
Facebook (Nasdaq: FB) began testing its new virtual personal assistant, M.
Intel (Nasdaq: INTC) invested more than $60 million into Chinese drone maker Yuneec International.
On the downside
Monsanto (NYSE: MON) ended its efforts to acquire Syngenta (NYSE: SYT).
Falling copper prices weighed down share of Freeport McMoRan (NYSE: FCX).
Shares of Aeropostale (NYSE: ARO) fell ahead of its earnings release after market close tomorrow.
In the broad market, advancing issues outpaced decliners by a margin of nearly 4 to 1 on the NYSE and by more than 3 to 1 on Nasdaq. The broader S&P 500 jumped 72 points to 1,940. Bitcoin gained $3 to $223.
Dow zooms up 619 points
August 26, 2015 at 18:56 PM EDT