Markets Soar Over Upbeat Jobs Data

An upbeat jobs report sent the markets soaring to a sharply higher close with the Dow surging 147 points to 15,135. Nasdaq leaped 35 points to 3479.

On the upside

Novavax (Nasdaq: NVAX) stock continued climbing after reporting positive trial results on Tuesday. 

Reports that China and the European Union were close to a solar panel deal lifted shares of JinkoSolar Holding (NYSE: JKS). 

ReneSola (NYSE: SOL) received official certification for its micro inverter Micro Replus from the United States, Canada, Australia, New Zealand, Germany, Denmark and the United Kingdom.

On the downside

Shares of ARMOUR Residential REIT (NYSE: ARR) fell over concerns of rising interest rates.

McEwen Mining (NYSE: MUX) stock slipped as gold prices fell.

Share of USEC (NYSE: USU) continued falling after completing a 1-for-25 reverse stock split on Monday, July 1.   

In the broad market, advancing issues outpaced decliners by a margin of nearly 5 to 4 on the NYSE and by nearly 3 to 1 on Nasdaq. The broader S&P 500 index soared 16 points to 1631.

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