Manufacturing activity climbed in July to lift the markets higher during the midday with the Dow surging 145 points to 15,645. Nasdaq leaped 42 points to 3669.
On the upside
Standard Register (NYSE: SR) acquired WorkflowOne in a deal valued at approximately $218 million.
Trulia (NYSE: TRLA) narrowed second quarter losses more than expected as revenue surged.
Shares of Sprouts Farmers Market (Nasdaq: SFM) more than doubled on its first trading day.
On the downside
Halozyme Therapeutics (Nasdaq: HALO) partner ViroPharma (Nasdaq: VPHM) cancelled a Phase 2 study of subcutaneous Cinryze with recombinant human hyaluronidase.
Iridium Communications (Nasdaq: IRDM) reported lower second quarter earnings and revenue that fell short of analyst expectations.
Rovi (Nasdaq: ROVI) widened second quarter losses as revenue fell.
In the broad market, advancing issues outpaced decliners by a margin of more than 5 to 3 on the NYSE and by nearly 7 to 3 on Nasdaq. The broader S&P 500 jumped 20 points to 1706.
