Markets soar on upbeat retail sales

Upbeat November retail sales sent the markets soaring with the Dow jumping 163 points to 17,696. Nasdaq surged 57 points to 4,741.

On the upside

LendingClub (NYSE: LC) surged in its market debut.

Shares of TG Therapeutics (Nasdaq: TGTX) extended its gains.

Bargain hunters lifted shares of Walter Energy (NYSE: WLT).

On the downside

Credit Suisse downgraded Ariad Pharmaceuticals (Nasdaq: ARIA) from a Neutral rating to an Underperform rating and cut its price target from $8 to $6.

Methode Electronics (NYSE: MEI) reported higher second quarter earnings and revenue that surpassed analyst expectations but the stock price tumbled.

Fiat Chrysler (NYSE: FCAU) priced its offering of 87 million common shares.

In the broad market, advancing issues outpaced decliners by a margin of nearly 3 to 1 on the NYSE and by more than 5 to 2 on Nasdaq. The broader S&P 500 surged 21 points to 2048. Bitcoin gained $7 to $352.

Data & News supplied by
Stock quotes supplied by Barchart
Quotes delayed at least 20 minutes.
By accessing this page, you agree to the following
Privacy Policy and Terms and Conditions.