Markets surge on strong durable goods orders

The markets extended its gains during the midday with the Dow rocketing 332 points to 16,004 as durable goods orders climbed more than expected. Nasdaq jumped 102 points to 4,608.

On the upside

Nimble Storage (NYSE: NMBL) reported a smaller than expected loss for the second quarter as revenue soared.

RBC Capital Markets lifted its price target on Netflix (Nasdaq: NFLX) from $125 to $140.

Re/code reported that EMC (NYSE: EMC) is exploring the possibility of being acquired by VMware (NYSE: VMW).

On the downside

The pilots' union for Republic Airways Holdings (Nasdaq: RJET) will not submit the contract offered by the airline for a vote by its membership.

Verastem (Nasdaq: VSTM) released an abstract for a Phase 2 study of Defactinib that will be presented at the 16th World Conference on Lung Cancer.

Retreating gold prices weighed down shares of Barrick Gold (NYSE: ABX).

In the broad market, advancing issues outpaced decliners by a margin of nearly 7 to 3 on the NYSE and by more than 2 to 1 on Nasdaq. The broader S&P 500 leaped 40 points to 1,908. Bitcoin climbed $7 to $227.
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