Markets Advance On Strong Retail Sales

The markets continued to advance during the midday with the Dow leaping 123 points to 16,150 on strong March retail sales. Nasdaq climbed 29 points to 4029.

On the upside

Endurance Specialty Holdings offered a premium of approximately $3.2 billion to acquire Aspen Insurance (NYSE: AHL).

The Wall Street Transcript interviewed Stillwater Mining (NYSE: SWC) chief executive Mick McMullen.

JA Solar Holdings (Nasdaq: JASO) expects first quarter shipments to surpass its previous forecast.

On the downside

Shares of NQ Mobile (NYSE: NQ) extended its losses.

Ericsson (Nasdaq: ERIC) announced the resignation of Senior Vice President and Head of Group Function Strategy Douglas Gilstrap effective August 1, 2014.

Shares of Eagle Bulk Shipping (Nasdaq: EGL) continued falling.

In the broad market, advancing issues outpaced decliners by a margin of more than 3 to 1 on the NYSE and by nearly 7 to 3 on Nasdaq. The broader S&P 500 climbed 13 points to 1828. Bitcoin soared $59.02 or 14.58% to $463.80.

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