The markets opened the new year on an upbeat with the Dow soaring 90 points to 24,809. Nasdaq gained 34 points to 6,937.
On the upside
Shares of Autohome (NYSE: ATHM) rose ahead of its ex-dividend date tomorrow, January 3.
Stock News Gazette wrote that Vipshop Holdings (NYSE: VIPS) was a better value than AT&T (NYSE: T).
Commercial Metals (NYSE: CMC) will acquire certain U.S. rebar steel mill and fabrication assets from Gerdau (NYSE: GGB).
On the downside
Weatherford International (NYSE: WFT) sold its North American pressure pumping assets to Schlumberger (NYSE: SLB).
Investors continued to lock in profits on Gain Capital Holdings (NYSE: GCAP).
Cowen slashed its price target on Tesaro (Nasdaq: TSRO) from $125.00 to $80.00.
In the broad market, advancing issues outpaced decliners by a margin of more than 2 to 1 on the NYSE and by nearly 3 to 1 on Nasdaq. The broader S&P 500 gained 10 points to 2,683. Bitcoin leaped $334 to $13,825.
