It was another record close for the Dow with the blue chip index leaping 112 points to 16,695 as investors welcomed merger news. Nasdaq jumped 41 points to 4,143.
On the upside
Bargain hunters snapped up shares of DepoMed (Nasdaq: DEPO).
SunTrust upgraded Twitter (NYSE: TWTR) from a Neutral rating to a Buy rating. The microblogging site also introduced a new mute feature.
B. Riley upgraded Arotech (Nasdaq: ARTX) from a Neutral rating to a Buy rating.
On the downside
Investors locked in profits on Universal Display (Nasdaq: OLED).
Silver Standard Resources (Nasdaq: SSRI) extended its losses.
TheStreet Ratings downgraded Emergent BioSolutions (NYSE: EBS) from a Buy rating to a Hold rating.
In the broad market, advancing issues outpaced decliners by a margin of more than 7 to 2 on the NYSE and by more than 4 to 1 on Nasdaq. The broader S&P 500 soared 18 points to 1896. Bitcoin added $1.75 or 0.40% to $437.35.
