Markets soar on China's interest rate cut

China's interest rate cut sent the markets soaring with the Dow jumping 266 points to 16,137. Nasdaq surged 102 points to 4,628.

On the upside

Forward Industries (Nasdaq: FORD) extended its contract to supply Bayer Healthcare with Global custom carry cases for diabetic products.

China's interest rate cut lifted shares of JinkoSolar Holding (NYSE: JKS).

Bargain hunters lifted shares of Weibo (Nasdaq: WB).

On the downside

Shares of Great Basin Scientific (Nasdaq: GBSN) continued falling.

The Public Service Commission of D.C. rejected a merger application for Pepco Holdings (NYSE: POM) to combine with Exelon (NYSE: EXC).

SunEdison (NYSE: SUNE) chief financial officer Brian Wuebbels bought 50,000 shares of company stock.

In the broad market, advancing issues outpaced decliners by a margin of nearly 7 to 2 on the NYSE and by more than 3 to 1 on Nasdaq. The broader S&P 500 climbed 27 points to 1,921. Bitcoin soared $14 to $220.