A six-year low unemployment rate sent the markets soaring to a sharply higher close with the Dow jumping 208 points to 17,009. Nasdaq surged 45 points to 4,475.
On the upside
The Food and Drug Administration granted Durata Therapeutics (Nasdaq: DRTX) Special Protocol Agreement for the design of its Phase 3 study of DALVANCE to treat community acquired pneumonia.
Gabelli & Co. upgraded Media General (NYSE: MEG) from a Hold rating to a Buy rating.
Shares of Zogenix (Nasdaq: ZGNX) continued rising after analysts said yesterday that the pharmaceutical had the potential to double.
On the downside
Shares of Arch Coal (NYSE: ACI) fell as demand continued to soften for metallurgical coal.
Falling gold and silver prices weighed down shares of Primero Mining (NYSE: PPP).
Ternium (NYSE: TX) will buy 51.4 million common shares of Usiminas.
In the broad market, advancing issues outpaced decliners by a margin of more than 2 to 1 on both the NYSE and on Nasdaq. The broader S&P 500 surged 21 points to 1967. Bitcoin dropped $18 to $351.
Six-year low unemployment rate boosts markets
October 03, 2014 at 18:00 PM EDT
