A surge in new home prices sent the markets soaring during the midday with the Dow jumping 217 points to 17,710. Nasdaq leaped 84 points to 4,850.
On the upside
Great Basin Scientific (Nasdaq: GBSN) entered a waiver agreement with certain notes and warrant holders.
Nordson (Nasdaq: NDSN) reported higher second quarter earnings and revenue.
Titan Pharmaceuticals (Nasdaq: TTNP) stock climbed for the third day in a row.
On the downside
Investors locked in profits on Cellectar Biosciences (Nasdaq: CLRB).
Best Buy (NYSE: BBY) reported higher first quarter earnings that beat expectations but the electronics retailer forecast current quarter revenue below estimates and announced the departure of chief financial officer Sharon McCollam.
Chardon Capital initiated coverage of Sage Therapeutics (Nasdaq: SAGE) with a Sell rating.
In the broad market, advancing issues outpaced decliners by a margin of nearly 4 to 1 on both the NYSE and on Nasdaq. The broader S&P 500 soared 26 points to 2,074. Bitcoin rose $3 to $446.
Markets extend gains as home prices soar
May 24, 2016 at 13:10 PM EDT