The markets surged to a sharply higher open with Dow leaping 256 points to 18,180 as the nation’s unemployment rate dropped to its lowest level in nearly seven years. Nasdaq jumped 60 points to 5,005.
On the upside
Shares of Gevo (Nasdaq: GEVO) continued soaring.
InterCloud Systems (Nasdaq: ICLD) won a contract with a major auto parts distributor to design, migrate and implement a cloud solution to house a web service infrastructure.
Novogen (Nasdaq: NVGN) reported positive preclinical results for the experimental cancer treatment TRXE-009.
On the downside
BioScrip (Nasdaq: BIOS) reported a greater than expected loss for the first quarter.
MannKind (Nasdaq: MNKD) reported a loss for the first quarter.
Fluidigm (Nasdaq: FLDM) reported a loss for the first quarter as revenue fell short of expectations and the company forecast full year revenue below estimates.
In the broad market, advancing issues outpaced decliners by a margin of more than 11 to 1 on the NYSE and nearly 5 to 1 on Nasdaq. The broader S&P 500 soared 24 points to 2112. Bitcoin edged up to $238.
